Legal Question in Civil Litigation in California
personal written IOU
Is there a time limit on collection of a
dated IOU?
Asked on 3/08/09, 11:07 pm
3 Answers from Attorneys
Adam Telanoff
Telanoff & Telanoff
Re: personal written IOU
yes.
a written IOU would be a written contract. a lawsuit may be filed on a written contract for four years after the date that payment was supposed to be made.
Answered on 3/09/09, 12:07 pm
OCEAN BEACH ASSOCIATES
OCEAN BEACH ASSOCIATES
Re: personal written IOU
4 years - contact me directly.
Answered on 3/09/09, 12:28 pm
Chris Johnson
Christopher B. Johnson, Attorney at Law
Re: personal written IOU
The statute of limitations in California for written contracts is usually four years from the time the payment should have been made.
Answered on 3/09/09, 12:30 am
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