What is the statute of limitations for a personal loan with no promissary note in california?
3 Answers from Attorneys
Breach of written contract is 4 years from date of breach; breach of oral contract is 2 years from date of breach.
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.
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.