Legal Question in Credit and Debt Law in Florida

Personal Note

Borrowed money from someone in 1979, signed a note promising to pay back the $1,000 at 7% interest. No time limit or how interest was to be paid. At the time person I borrowed it from said to pay it back when I had it. The note is now being called in. Legally how much money do I have to pay this person at this time.


Asked on 8/25/06, 9:57 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Personal Note

Legally, nothing, as the Statute of Limitations to sue has run. Morally, is another story.

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Answered on 8/26/06, 2:53 am


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