Action for Money Lent Law and Legal Definition
An action for money lent is an action at law which lies whenever there has been a payment of money from the plaintiff to the defendant as a loan. Money lent is one of the common counts in assumpsit.
In order to state a claim for money lent, a plaintiff must allege:
a. money was delivered to the defendant;
b. money was intended as a loan; and
c. loan has not been repaid. [Paladin Shipping Co. v. Star Capital Fund, LLC, 2010 U.S. Dist. LEXIS 88756 (S.D. Fla. Aug. 27, 2010)].
