San Leandro, CA asked in Contracts, Business Formation and Business Law for California

Q: I lent money to a club promoter from Nevada. The contract is signed and notarized. Where do I sue him? Nevada or CA?

I lent him $6000 on July 3 and he signed a contract stating he would pay me $12000 July 22, which is the date I would meet him in Vegas so he can pay me. He never paid me. On the contract it states that there would be a 15% late fee. The problem is that we agreed on 15% late fee for every day that he did not pay but the contract only says 15% late fee. But I have a voice recording where he says that he would pay me $600 for every day that he hasnt paid, plus attorney fees if I ever tried to sue him. About now he owes me a little over $45000. What are the chances that I would win the case and get paid?

1 Lawyer Answer

A: Questions like this cannot be answered without reading the contract. It is likely that a contract would say that the tape recording does not matter. The contract might actually have a clause saying where suit must be brought. Your payback and late fees are not the same as most notes in California. It could be prudent to seek counsel and not disclose anything further in a public forum.

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