Legal Question in Business Law in Texas
Contract Statute of Limitations
I am being sued for a contracted debt from 5/94. I notified the party claiming I owed the debt in writing in May 1994 that I believed I did not owe the debt. They contacted me for the first time about owing the debt (less than $500) in Sept. 1998. They are now suing me (plus lawyer fees, potential court costs and 4 years interest!). My question is - Is this beyond the statute of limitations for a signed contract in the state of Texas?
Asked on 1/26/99, 10:33 pm
1 Answer from Attorneys
Joseph A. McDermott, III
Attorney at Law
Re: Contract Statute of Limitations
It's four years -- but when the four years started is not determinable from the facts you give.
Joseph A. McDermott, III
Attorney at Law
2929 Allen Parkway, Suite 2470
Answered on 1/31/99, 12:00 am
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