Legal Question in Civil Litigation in Alabama

Legal status of verbal agreements in Alabama

With respect to a personal loan and repayment of the loan, under what conditions are verbal agreements between two individuals legally binding.


Asked on 10/19/01, 11:37 pm

1 Answer from Attorneys
Jon Lewis Lewis, Feldman, & Lehane, LLC

Re: Legal status of verbal agreements in Alabama

Usually, any agreement under $500.00 is valid, but there are other legal circumstances that must be analyzed before a final answer can be given.

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Answered on 11/26/01, 12:27 pm


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