Legal Question in Credit and Debt Law in California
statute of limitation for promissory note issued by a company
How long is the statute of limitation for promissory note issued by a corporation? Some people say 4 years but some say 6 years.
1 Answer from Attorneys
Re: statute of limitation for promissory note issued by a company
I take it that the people that say 6 years are not attorneys.
I will give you the general rule in California that the statute of limitations for breach of a written contract is four years from the date of the breach.
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