Legal Question in Business Law in Colorado
contract
My friend owes me 5k, which he had promised to repay on 1st September.
On this date, he told me that he could not pay me the sum of 5k, as
he just lost his job.
I was sympathetic with him and told him that I will accept 3k in
full and final settlement of the loan. He paid me the sum of 3k.
In November, I decided to claim the balance 2k from him.
Can I claim the balance 2k from him?
Asked on 10/13/08, 1:25 pm
1 Answer from Attorneys
Mark Cohen
The Cohen Law Group, A Professional Corporation
Re: contract
You can try, but I think he would have a good argument that you two made a deal and you agreed not to seek more than the 3K. Is it worth paying a lawyer $250 an hour to fight over $2,000?
Answered on 10/13/08, 1:52 pm
Related Questions & Answers
-
Purchased a business and previous owner filing bankruptcy We purchased a business (... Asked 10/10/08, 7:17 pm in United States Colorado Business Law
-
Liquor Is it illegal to serve non-alcholic beverages in glasses with liqour or beer... Asked 10/09/08, 2:45 pm in United States Colorado Business Law
-
Laws against prior employees what kind of laws exist, against employees who join... Asked 10/07/08, 6:41 pm in United States Colorado Business Law
-
First amendament Does commercial advertising have the same First Amendment... Asked 10/05/08, 7:33 pm in United States Colorado Business Law
-
Non compete clauses I have a non-compete clause with the company i used to work for.... Asked 10/04/08, 6:22 pm in United States Colorado Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
