Ohio Account Stated for Construction Work

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US-0160BG
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Description

An account stated is a statement between a creditor and a debtor based upon a series of prior transactions. Hence, an account stated arises when a particular amount is owed to the creditor by the debtor as of a certain date. An account stated refers to either an agreement itself or to the assent giving rise to the agreement. The agreement to pay the balance amount can be either express or implied. When the agreement to pay is in the nature of a computation, then it is called account stated.
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FAQ

Ohio's construction statute of repose provides that 10 years is the absolute deadline by which a claim to recover damages arising from ?a defective and unsafe condition of an improvement to real property? may be brought against any person who ?performed services for the improvement to real property? or who ?furnished ...

UNDER CHAPTER 1312. OF THE OHIO REVISED CODE, THE CONTRACTOR HAS AN OPPORTUNITY TO OFFER TO REPAIR OR PAY FOR THE DEFECTS. YOU ARE NOT OBLIGATED TO ACCEPT ANY OFFER THE CONTRACTOR MAKES.

(A) In addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase.

Ohio's Right to Cure Law is intended as a means to help homeowners and their contractors amicably resolve their disputes. Used appropriately and meaningfully, the statute can assist in the resolution of claims by both Owners and Contractors. A home is an Owner's most valuable investment.

Ohio Rev. Code Ann. § 2741.04. The statute requires that any consent to use an individual's right of publicity for a commercial purpose be made in writing, which includes written, electronic, digital or any other verifiable means of authorization.

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Ohio Account Stated for Construction Work