Thank you for your question. I am happy to assist you.
An action can be filed against you. However it appears that your "friend" may have a difficult time prevailing as you can raise the affirmative defense that the claim is barred by the statute of limitations.
The statute of limitations bars what the law considers to be "stale claims". The SOL for an oral agreement is 2 years in California. If there is a writing, the SOL is increased to 4 years. Therefore, you can raise the affirmative defense of the SOL if you are sued.
I hope that the information which I provided was helpful to you.
Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.
Please click ACCEPT so that I can get credit for my work
Bonus and Positive Feedback gratefully accepted!
THIS IS FOR INFORMATION ONLY. NO ATTORNEY-CLIENT RELATIONSHIP EXISTS. PLEASE CONSULT A LAWYER IN YOUR STATE FOR LEGAL ADVICE