Glossary entry

English term or phrase:

account stated

English answer:

account purportedly stating true balance due

Added to glossary by Teresa Jaczewska
Aug 16, 2003 16:50
20 yrs ago
4 viewers *
English term

account stated

English Law/Patents
First Claim for Relief
(Breach of Contract)
Second Claim for Relief
(Account stated)
Third Claim for Relief
(Unjust Enrichment)

in Summons in a Civil Case
Between ... and .... defendant became indebted to plaintiff upon a balance of account for services rendered in the amount of XXXX.

Could you put it in other words possibly :)

Responses

+1
7 mins
Selected

account purportedly stating true balance due

Definition - link to follow shortly

Account Stated An account that has been rendered by one to another and that purports to state the true balance due, which balance is either expressly or impliedly admitted to be due by the debtor.

Mike :)

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Note added at 8 mins (2003-08-16 16:59:27 GMT)
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Here is the link.

Mike :)

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Note added at 9 mins (2003-08-16 16:59:59 GMT)
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Law for Business |
Glossary. ... Law for Business, 8/e A. James Barnes, Indiana University - Bloomington
Terry ... Account Stated, An account that has been rendered by one to another and ...
highered.mcgraw-hill.com/sites/0072488263/ student_view0/glossary.html - 101k - Cached - Similar pages
Peer comment(s):

agree Jirina Nevosadova
10 mins
thank you, Jirina - Mike :)
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4 KudoZ points awarded for this answer. Comment: "Thank you for a quick response! I also found a definition in my dictionary, which I probably should start with :)"
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