Legal Question in Consumer Law in New York

Personal loan from family friend

A friend of the family made his living by loaning money at 10% interest. Last year this man died. His daughter has taken over his affairs and is looking for payment of this loan. She has in her posession a type written letter from me promissing to repay the loan and the terms of this loan. It doesn't contain my signature. I owe less than 2 years on this loan. There were no lawyers involved in this transaction. Am I legally responsible for this loan? Would really appreciate your answer ASAP.


Asked on 9/27/06, 2:51 pm

1 Answer from Attorneys

Re: Personal loan from family friend

It seems as if you are asking for permission to steal from your deceased friend and his living daughter. If you borrowed the money, then you are legally and morally obligated to repay it unless and it is discharged in court.

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Answered on 9/27/06, 3:53 pm


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