Legal Question in Credit and Debt Law in California

I loaned someone $5,000 10 years ago. Now the person refuses to pay back. did I wait too long to sue?

Asked on 1/02/23, 9:46 am

1 Answer from Attorneys

Yes. WAY too long. Your time limit was two years if it was an oral agreement, and four years if there was a written loan agreement.

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Answered on 1/02/23, 10:45 am

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