NationsBank of Va., N.A. v. Nash

By Judge James W. Haley, Jr.

In this declaratory judgment action, the issues are:(1) Were funds made available by a mother to her son on November 3, 1988, and January 5,1989, initially loans or gifts;(2) If initially loans, were either or both subsequently forgiven;(3) If unforgiven loans, is this action to establish them barred by the Statute of Frauds and/or the Statute of Limitations;(4) Was an admitted loan to the son, evidenced by a promissory note dated April 15, 1986, forgiven by the mother, and if not, is collection barred by the Statute of Limitations.

Robert S. Nash and his wife,…