Breach of oral loan agreement
A widow living out of state contacted Taylor English seeking representation against a Georgia limited liability company for repayment of a business loan. The widow’s husband who had loaned the funds to the business passed unexpectedly. The only evidence of the loan was a personal check from the deceased to the business. Although the widow had been previously told the oral agreement was unenforceable, we were able to recover most of the loan proceeds in a structured settlement for the benefit of the widow.