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Loans AL Supreme Court

Balch & Bingham LLP

Bank Entitled to Pursue Claim for Longer Statute of Limitations on Loan

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Under Alabama law, the statute of limitations for an “open account” is shorter (3 years) than for an “account stated” or breach of contract claim (6 years). In Cadence Bank, N.A. v. Robertson, No. 1190997, 2021 WL 1230165...more

Balch & Bingham LLP

Reach of Contractual Jury Trial Waivers Narrowed By Alabama Supreme Court

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In Ex Parte Acosta, No. 1140200, — So. 3d —, No. 1140200, 2015 WL 3537476 (Ala. June 5, 2015), the Alabama Supreme Court refused to incorporate a jury trial waiver from a collateral loan document into a Promissory Note. ...more

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