QUESTION

Do I still need to pay a personal loan if the person died?

Asked on Mar 26th, 2014 on Breach of Contract - Pennsylvania
More details to this question:
N/A
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1 ANSWER

Appellate Practice Attorney serving New York, NY
Unless your loan agreement specifically provided that the oblgation would expire with the lender, yes.  If you borrow $100 from John Smith and he dies before the loan is paid back, you now owe $100 (plus whatever interest you agreed on) to John Smith's estate. 
Answered on Mar 27th, 2014 at 12:16 PM

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