When is a credit card agreement an oral contract? Portfolio Acquisitions LLC v. Feltman
By Hon. Daniel T. Gillespie & Kathilynne Grotelueschen
Civil Practice and Procedure,
November 2009
In Illinois, where the statute of limitations is ten years for a written contract and five years for an oral contract, one might well think that a credit card agreement would qualify as a written contract because credit cards are generally issued pursuant to a written card member agreement.
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