Legal Question in Civil Litigation in Florida
I was partners in a business. The business purchased a land lease. In order to get the money myself and partner at the time borrowed money from a bank, each our own seperate loans. We agreed that if one partner walked away the business would pay for the loan. I have since left the company and my former partner is refusing to pay the loan. There was not a legal agreement drawn up however there are emails that he sent me saying he would repay the loan , that he knew it was his responsibility. Is there anything legally that I can do to either make him pay the loan or pay me back the money?
2 Answers from Attorneys
Yes. It may be more difficult to prove, but an oral agreement, especially one that is evidenced by a written communication can be enforced. The key may be when did you enter into the oral agreement? If it was before the partnership agreement, it may be more difficult, but even then you may have a fruad in the inducement claim.
You could sue your partner, but it will be your word against his as you do not have the agreement in writing. Contact an attorney for a thorough review of your case. Regards,
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