Arkansas Acknowledgment by Debtor of Correctness of Account Stated

• Category: Contracts - Acknowledgments
• State: Multi-State
• Control #: US-0036BG
• Format: Word; Rich Text

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. The Arkansas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of Arkansas to confirm the accuracy and correctness of a stated account by a debtor. This acknowledgment serves as evidence that the debtor has reviewed the account, understands its contents, and agrees to its accuracy. In this document, keywords such as "Arkansas," "acknowledgment," "debtor," "correctness," and "account stated" are relevant. This type of acknowledgment is crucial in various scenarios, especially in situations where a debtor has received a statement of account from a creditor and wants to confirm that the information provided is accurate. The acknowledgment helps to avoid disputes or misunderstandings regarding the stated account. It is important to note that while there may not be specific types of Arkansas Acknowledgment by Debtor of Correctness of Account Stated, there can be variations in the specific circumstances under which such an acknowledgment is used. For example, a debtor may acknowledge the correctness of an account stated in relation to a loan, credit card debt, or other financial obligations. The document typically includes certain key elements such as: 1. Identification of the debtor: This includes the full legal name and contact information of the debtor. 2. Identification of the creditor: This includes the full legal name and contact information of the creditor or the entity to whom the debt is owed. 3. Account details: This section includes the specifics of the account, such as the account number, dates covered by the statement, and any other relevant information. 4. Acknowledgment statement: The debtor acknowledges that the account stated is correct, accurate, and in line with the debtor's understanding of the debt owed. 5. Signature and date: The debtor must sign and date the document to confirm their acknowledgment. It is important to consult with an attorney or legal professional to ensure the document complies with Arkansas state laws and meets all necessary requirements. Additionally, the specific naming and formatting of the document may vary depending on individual circumstances or the preferences of the parties involved.

The Arkansas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of Arkansas to confirm the accuracy and correctness of a stated account by a debtor. This acknowledgment serves as evidence that the debtor has reviewed the account, understands its contents, and agrees to its accuracy. In this document, keywords such as "Arkansas," "acknowledgment," "debtor," "correctness," and "account stated" are relevant. This type of acknowledgment is crucial in various scenarios, especially in situations where a debtor has received a statement of account from a creditor and wants to confirm that the information provided is accurate. The acknowledgment helps to avoid disputes or misunderstandings regarding the stated account. It is important to note that while there may not be specific types of Arkansas Acknowledgment by Debtor of Correctness of Account Stated, there can be variations in the specific circumstances under which such an acknowledgment is used. For example, a debtor may acknowledge the correctness of an account stated in relation to a loan, credit card debt, or other financial obligations. The document typically includes certain key elements such as: 1. Identification of the debtor: This includes the full legal name and contact information of the debtor. 2. Identification of the creditor: This includes the full legal name and contact information of the creditor or the entity to whom the debt is owed. 3. Account details: This section includes the specifics of the account, such as the account number, dates covered by the statement, and any other relevant information. 4. Acknowledgment statement: The debtor acknowledges that the account stated is correct, accurate, and in line with the debtor's understanding of the debt owed. 5. Signature and date: The debtor must sign and date the document to confirm their acknowledgment. It is important to consult with an attorney or legal professional to ensure the document complies with Arkansas state laws and meets all necessary requirements. Additionally, the specific naming and formatting of the document may vary depending on individual circumstances or the preferences of the parties involved.