Legal Question in Civil Litigation in California

IOU resolution option

A person I owe money to a that will not talk to me. I have no way of paying the money and have proof that he received it. I sent a letter stating a time period in which we needed to agree on a payment method and said if an agreement didn't occur, I didn't owe him anything.

The time period is over and I sent him a letter stating that I owe him nothing. The amount is about $2,000. Is this legally binding and would it hold up in court.

This person is very dishonest, and sometimes has bouts of irrational behavior. I am a little scared of him.


Asked on 12/07/04, 2:32 pm

2 Answers from Attorneys
Armen Tashjian Law Offices of Armen M. Tashjian

Re: IOU resolution option

You say "This person is very dishonest" yet you are the one trying to get out of paying a debt which you admit owing by using some irrational concept. Take a step back and look into this situation rationally...

Pay him the money you owe using either a personal check, cashiers check or money order made payable to him. Once he cashes the check you will have your proof.

Read more
Answered on 12/13/04, 1:44 am
Rob Reed Law Office of Robert A. Reed

Re: IOU resolution option

No. It isn't binding.

Read more
Answered on 12/07/04, 3:50 pm


Related Questions & Answers

More General Civil Litigation questions and answers in California