Legal Question in Business Law in Colorado

I put a friend who needed $$$$, Gene, with a friend who had $$$. Mark, who had lines of credit available on his C.C's. ($100k) So he wrote 2 checks on thursday,( 6k and 24k) they got deposited, told Gene to wait till they clear. Over that weekend the bank approved one check, not the 2nd, and then pulled in Mark's lines of credit on all his cards, all the way down to the existing debt. They will not extened him back the credit due to the economic times is their reasoning in thier letter. Gene wrote check and they bounced. Gene now is theatening lawsuit, for a fraudulent check and repayment of his damages and bank fee's, and is threating to name me also as a representative of Mark's because i work for mark. So- can I be sued? I recieved no compensation. And Marks line of credit was available when he wrote the ck, we see no fraud on his part. Gene see's it as fraud because the funds did not come in. What is Colorado law?????


Asked on 3/15/10, 1:48 pm

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

Sure, you can always be sued. The only issue is whether there is any liability. The fact that you made nothing is not that relevant. Contact an attorney to resolve this matter.

DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney-client relationship.

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Answered on 3/23/10, 7:45 am


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