Two important questions
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Posted by anon
(68.225.118.239) on July 26, 2004 at 08:34:43:
Can anyone tell me what this means: it is from the Georgia Sol info: Open account; implied promise or undertaking: 4 years, (OCGA 9-3-25). NOTE: Payment, unaccompanied by a writing acknowledging the debt, does not stopped the statute. Therefore, the statutory period runs from the date of default, not the date of last payment. Also is Georgia a tenants by the entirety state. What happens if we are sued and have a little equity in our home but the debt is only in my husbands?
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