Thresh wrote:
After reading this passage I'm sincerely hoping that I'm understanding it correctly and that it means that telephone conversations are not binding:
THE FOLLOWING STATUTE PROHIBITS "RE-AGING" OF SOL WITHOUT A WRITTEN CONTRACT
§ 16.065. Acknowledgment of Claim An acknowledgment of the justness of a claim that appears to be barred by limitations is not admissible in evidence to defeat the law of limitations if made after the time that the claim is due unless the acknowledgment is in writing and is signed by the party to be charged.
I live in Texas and this is a Texas statute.
Cool! I'm not an attorney, so I can't say whether your verbal promise to pay is binding or not.
But cool, nonetheless! 