Legal Question in Civil Litigation in Ohio
legally collecting verbal loan from friend who will not pay back
Asked on 1/09/10, 9:00 pm
1 Answer from Attorneys
Joseph Jacobs
Jacobs & Lowder
It's been awhile since I reviewed the statute of frauds, so you should consult another source, but If the amount is over $500 then you must have something in writing....if less, your own testimony can support the existence of the contract.....
you can sue in small claims if the amount is under 3,000
Answered on 1/19/10, 9:36 pm