Loan Repayment Legal Options
Summary
Verbal contracts are generally enforceable in California, with a 2-year statute of limitations for breach. If the borrower fails to appear in court, a default judgment may be issued in your favor.Full Conversation
Nohn
Nice to meet you, Nohn. Could you please describe the legal issue you're facing?
i had a verbal contract with a friend and loaned him $*,*. He has refused to pay back
Did you have any witnesses or any form of written communication about this loan?
he did acknowledge receiving the money via txt messages and also said he will pay back via txt message
What is your location, Nohn? The laws regarding verbal contracts vary by state.
California
What is the exact date when you loaned him the money?
In California, verbal contracts are generally enforceable. However, the statute of limitations for breach of oral contract is 2 years.
june *
Since the loan was given in June *, you are within the *-year statute of limitations for breach of oral contract in California. You may consider legal action.
What if he does not show up to court?
If he doesn't show up to court, the judge may issue a default judgment in your favor. This means you win the case by default.