Legal Question in Business Law in California
statue of limitations for collecting old debt in California
person is presented bank checks (as promisory notes) for services rendered with the understanding that when the job is complete the funds will be available to cash the checks but this does not occcur. The party who issued the checks does not honor the checks. the person owed the money attempts to collect but recieves no replay or response from the party owing the money. what is the statue of limitation in California for collecting on a verbal contract in which the person has received bank checks which are not negotiable.
3 Answers from Attorneys
Re: statue of limitations for collecting old debt in California
2 Year. You may be able to collect triple damages in accordance with C.C.P. 1719. Call our office if you need assistance.
Re: statue of limitations for collecting old debt in California
Two years for filing suit on an oral agreement; three years for filing suit alleging misrepresentation (either negligent or intentional).
Re: statue of limitations for collecting old debt in California
You can also turn this person into the District Attorenys office for criminal prosecution.
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