Legal Question in Investment Law in Maryland
Recovery of an investment
If I invested money with an individual who promised to return the investment principal in the event that he lost money from the endeavor in writing, do I have legal rights to sue for my principal to be returned as stated in the contract?
Asked on 11/07/07, 2:08 pm
1 Answer from Attorneys
Alton Drew
Alton Drew, LLC
Re: Recovery of an investment
Yes. Since the promise has been placed in writing, you can argue that there was a clear communication to you and a meeting of the minds establishing an enforceable contract.
Answered on 11/07/07, 2:18 pm
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