QUESTION
Borrowed money from friend no note was signed can he sue me for it?
Asked on Nov 16th, 2013 on Business Law - Connecticut
More details to this question:
I borrowed from friend no promissory note was signed my business went bust and I haven't filed chapter 7yet he is wanting his money can he sue if we don't have an official agreement?
1 ANSWER
the answwer is generally yes. If you personally borrowed the money and it wasnt contigent on the business succeeding you owe it. even if there is no written contract you have an oral one. cerainly if you dont pay your friend, he wont be one for long.
Answered on Nov 19th, 2013 at 2:11 PM
Lawrence H. Adler, Esq. Adler Law Group, LLC 860-282-8686