Asked by Devon Hupka on Jun 01, 2024
Verified
Jackie borrowed $1,000 from Uncle John in 1975,with repayment due in 1977.Jackie never repays the loan,and Uncle John never attempts to collect it.In 2004,Jackie writes Uncle John a letter stating that she is sorry that she did not repay the debt and encloses a check for $100 toward repayment.Uncle John cashes the check.He dies of a heart attack one week later.Uncle John's heirs find the letter and sue Jackie to collect the remaining $900 balance.Analyze the case.
Statutes of Limitation
Regulations specifying the outer limit for initiating legal actions after an incident has occurred.
- Interpret the legal consequences of agreements under statutes of limitations.
Verified Answer
JL
Jennifer LinaresJun 07, 2024
Final Answer :
Uncle John's heirs are most likely to be successful in their lawsuit against Jackie.The court can rule that Jackie's letter and $100 check reaffirm the debt otherwise subject to the statute of limitations.Uncle John's heirs obtained his legal rights upon his death.
Learning Objectives
- Interpret the legal consequences of agreements under statutes of limitations.
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