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notarized statement

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showpower

Guest
What is the name of your state? New Jersey

I loaned money to a friend of mine over 4 yrs ago. We both signed it and it states that he promises to repay me by the end of that year which was back in 1999. Is this letter which is notarized still good and will it hold up in courts.
Even though it was signed and was agreed to be paid back 4 yrs ago?
 


I AM ALWAYS LIABLE

Senior Member
showpower said:
What is the name of your state? New Jersey

I loaned money to a friend of mine over 4 yrs ago. We both signed it and it states that he promises to repay me by the end of that year which was back in 1999. Is this letter which is notarized still good and will it hold up in courts.
Even though it was signed and was agreed to be paid back 4 yrs ago?

My response:

Your State has a 6 year Statute of Limitations on written contracts.

IAAL
 

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