New Jersey Complaint Against Guarantor of Open Account Credit Transactions - Breach of Oral or Implied Contracts

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Multi-State
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US-01248BG
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Word; 
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Description

An open account is an account based on continuous dealing between the parties, which has not been closed, settled or stated, and which is kept open with the expectation of further transactions. An open account is created when the parties intend that the individual items of the account will not be considered independently, but as a connected series of transactions. In addition, the parties must intend that the account will be kept open and subject to a shifting balance as additional related entries of debits and credits are made, until either party decides to settle and close the account. This form is a complaint against a guarantor of such an account.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Complaint Against Guarantor of Open Account Credit Transactions - Breach of Oral or Implied Contracts
  • Preview Complaint Against Guarantor of Open Account Credit Transactions - Breach of Oral or Implied Contracts
  • Preview Complaint Against Guarantor of Open Account Credit Transactions - Breach of Oral or Implied Contracts

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FAQ

The New Jersey Consumer Fraud Act extends some of strongest protections against consumer fraud act in the nation. It protects consumers from sales fraud of all types, from fraud in car sales, to fraudulent sales of consumer goods, to deceptive practices by contractors.

The New Jersey Consumer Fraud Act (CFA) is one of the strongest consumer laws in the nation The CFA prohibits fraud, deception, misrepresentation, omissions, and unconscionable commercial practices in a consumer transaction.

Enacted in 1981 as a consumer protection measure, TCCWNA prohibits sellers of products and services from including terms in any written consumer contract, warranty, notice or sign that "violate[] any clearly established legal right of a consumer" under New Jersey or federal law.

Statute of limitations: case can be thrown out of court if the defendant can show that the statute of limitations has expired. Generally, breach of contract in New Jersey must be filed within six years of the date the cause of action accrues.

The act, use or employment by any person of any unconscionable commercial practice, deception, fraud, false pretense, false promise, misrepresentation, or the knowing, concealment, suppression, or omission of any material fact with intent that others rely upon such concealment, suppression or omission, in connection ...

The New Jersey Truth In Consumer Contract, Warranty and Notice Act makes it illegal for sellers of consumer products to provide consumers with contracts, warranties and notices that violate New Jersey or Federal law and to cause the consumers to suffer harm involving those contracts, warranties and notices.

In New Jersey, the elements of a valid contract are: ? An offer (see Offer). An acceptance (see Acceptance). Consideration (see Consideration). Mutual assent and intent to be bound (see Mutual Assent and Intent to be Bound).

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New Jersey Complaint Against Guarantor of Open Account Credit Transactions - Breach of Oral or Implied Contracts