Statute of Limitations/Personal Loan: California
On 5/1/05 I loaned someone $2500.00 with an ORAL agreement that the loan be repaid by 8/31/05.
I waited until 11/1/05 as I felt I needed to give the person I lent the money to a few more months before attempting to collect.
I then EMAILED the person in Nov of 2005 asking for the funds that they had promised to return by 8/31/05. They replied in a email with, "I'm sorry but things didn't work out the way I anticipated them and had they I would have definately paid you back by now..."
My understanding is that the SoL on Oral contracts is 2 years, however would exchanging these emails somehow "memorialize" the contract possibly extended it to the 4 year written agreement SoL rule?

