McRae v. Smith

Sognier, Judge.

Smith sued McRae to recover $400 on a loan made to appellant in December 1974. The loan was made on the basis of an oral promise to pay. There was no specific agreement as to the time for repayment but the loan was to be repaid within a reasonable time. After repeated oral promises by appellant, appellee made written demand for repayment in October 1977 and December 1979. When appellant failed to comply with the written demand, appellee initiated the instant suit on May 7, 1980. Appellant pleaded the statute of limitation as a defense. The trial court denied appellant’s motion…