If I bought equipment several years ago and financed it but the person who gave me the

loan passed away, can his widow sue me for the rest?

What are my rights?

Asked on May 18, 2016 under Business Law, New York


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

Yes, she most likely can. People inherit not just physical items or real estate or money, but also the rights that the decedent (the person who passed away) had to be paid or to receive money from another. Therefore, she--or his estate, by the personal representative (which may be her, in any event)--can most likely sue to enforce the terms of the promissory note or loan.

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