Anaheim California Acknowledgment by Debtor of Correctness of Account Stated
Category:
State:
Multi-State
City:
Anaheim
Control #:
US-0036BG
Format:
Word;
Rich Text
Instant download
Description
An account stated must be based on the parties' mutual assent; it must appear, at the time of the statement, that indebtedness from one party to the other existed and that a balance was then struck and agreed to be the correct sum owing from the debtor to the creditor. There must be an exact, certain, and definite balance arrived at by the debtor and creditor.
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FAQ
An account stated is a financial term used to describe an agreement between parties about the amount owed for goods or services. This understanding often helps prevent disputes and can be essential in legal matters. In the case of Anaheim California Acknowledgment by Debtor of Correctness of Account Stated, this agreement reassures creditors of their rights to collect the acknowledged amount.
