Account Stated Statement For Visa Application In Wake

Category:

Construction - Contractors - Payments

State:

Multi-State

County:

Wake

Control #:

US-0031BG

Format:

Instant download

Description

The Account Stated Statement for Visa Application in Wake serves as a formal document outlining financial agreements between the Owner and the Contractor regarding construction work. This form is crucial for clearly detailing payments made for labor and materials associated with two specific buildings, ensuring proper application of funds and addressing any outstanding balances. The document includes sections for identifying both parties, specifying the location of the buildings, and summarizing the financial transactions, including amounts due for unpaid materials. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate, construction law, or financial disputes. It streamlines communication by establishing an agreed-upon account status, which is essential for resolving disputes or preparing for further legal action. Users are advised to fill in the necessary information accurately, ensuring clarity in the financial obligations. Additionally, it serves as a reference for future legal discussions or visa applications that may require proof of financial transactions related to construction projects.

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FAQ

Essentially, an account stated is a new contract under which the parties to prior transactions agree to a new balance due. 6. Thus, a claim for an account stated is based not on the original transactions between the parties, but on the new, agreed upon contractual balance.

An Account Stated establishes an implied contract, whereas a breach of contract traditionally refers to an expressly written contract. Account Stated is used when no contract exists or when the plaintiff cannot prove the existence of the contract.

My recommendation would be to go to your bank ask them for a statement (for visa purposes) which they can stamp and sign in front of you. Alternatively, you can print the most recent statement (with custom dates) and take for signing. In short, you should try to get as recent as possible.