California  |  Civil Litigation

Legal Question

Asked on: 7/01/13, 8:13 am

What is the statute of limitations for a personal loan with no promissary note in california?

3 Answers


Answered on: 7/01/13, 9:54 am by Kristine Karila

Breach of written contract is 4 years from date of breach; breach of oral contract is 2 years from date of breach.


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Law Office of Kristine S. Karila 9891 Irvine Center Dr., Ste. 200 Irvine, CA 92618

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Answered on: 7/01/13, 10:36 am by Anthony Roach

If it is oral, then it would be 2 years. But don't assume that it is oral just because there is no promissory note. Some cases have interpreted things like email agreements to be written agreements.


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Law Office of Anthony A. Roach 9909 Topanga Canyon, Ste.313 Chatsworth, CA 91311

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Answered on: 7/01/13, 1:56 pm by Edward Hoffman

I agree with Ms. Karila and Mr. Roach. Note that the limitations period began at the time of the breach, not at the time of the agreement.


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Law Offices of Edward A. Hoffman 11755 Wilshire Boulevard, Suite 1250 Los Angeles, CA 90025

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