Connecticut Acknowledgment by Debtor of Correctness of Account Stated

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Multi-State
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US-0163BG
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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

The most common way to defeat an action for account stated is to show that the debt claimed is new, i.e., that there was no prior course of dealing between the parties or, at best, only a very short period with very few transactions.

(a) No person shall make entry into any lands or tenements but within fifteen years next after his right or title to the same first descends or accrues or within fifteen years next after such person or persons have been ousted from possession of such land or tenements; and every person, not entering as aforesaid, and ...

Section 52-577. - Action founded upon a tort. No action founded upon a tort shall be brought but within three years from the date of the act or omission complained of.

Section 52-576. - Actions for account or on simple or implied contracts. (a) No action for an account, or on any simple or implied contract, or on any contract in writing, shall be brought but within six years after the right of action accrues, except as provided in subsection (b) of this section.

Section 52-570d. - Action for illegal recording of private telephonic communications.

Account stated refers to a document summarizing the amount a debtor owes a creditor. An account stated is also a cause of action in many states that allows a creditor to sue for payment.

Collections actions involving the sale of goods often include two varieties of ?account? claims in addition to traditional breach of contract theories: ?account stated? and ?open account.? Generally, an account stated claim alleges the failure to pay an agreed-upon balance, while an open account claim alleges an ...

Statute, which imposes on parents of minor liability not to exceed $1,500 for property damage wilfully or maliciously caused by minor, is held constitutional on basis that regulation has rational relationship to preservation and promotion of public welfare.

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Connecticut Acknowledgment by Debtor of Correctness of Account Stated