An open account is an account based on continuous dealing between the parties, which has not been closed, settled or stated, and which is kept open with the expectation of further transactions. An open account is created when the parties intend that the individual items of the account will not be considered independently, but as a connected series of transactions. In addition, the parties must intend that the account will be kept open and subject to a shifting balance as additional related entries of debits and credits are made, until either party decides to settle and close the account. This form is a complaint against a guarantor of such an account.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal action filed in the District of Columbia Court system when a guarantor fails to fulfill their obligations relating to an open account credit transaction. The complaint seeks to hold the guarantor accountable for breaching either oral or implied contracts. In this type of complaint, the plaintiff alleges that a valid contract existed, either in the form of an oral agreement or an implied contract based on the parties' conduct or actions. The complaint contends that the guarantor, who has agreed to assume responsibility for the debtor's payments in case of default, has breached their contractual obligations. The keywords relevant to this complaint include: 1. Guarantor: The party obligated to assume responsibility for the debt in the event of the debtor's default. 2. Open account credit: The credit extended to the debtor to make purchases or obtain services without a set end-date for repayment. 3. Breach: Failure to fulfill the terms of a contract, either by non-performance, non-payment, or any other violation of the agreed-upon obligations. 4. Oral contract: A legally binding agreement made orally between the parties involved, with terms and conditions agreed upon through spoken communication. 5. Implied contract: A contract that is not explicitly formed by an offer and acceptance but can be inferred from the parties' behavior or actions. 6. District of Columbia: Refers to the jurisdiction in which the complaint is filed, which is the District of Columbia Court system. Different types or variations of this complaint may include specific circumstances or situations, such as: 1. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral Contract: Focuses on a breach of an oral contract by the guarantor in open account credit transactions. 2. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Implied Contract: Pertains to a breach of an implied contract by the guarantor in open account credit transactions. 3. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Both Oral and Implied Contracts: Covers situations where the guarantor breaches both oral and implied contracts in open account credit transactions. 4. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts with Unpaid Balances: Addresses cases where the breach of the oral or implied contracts by the guarantor leads to unpaid balances on the open account credit transactions. In conclusion, the District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal action seeking to hold a guarantor responsible for breaching their obligations in open account credit transactions. Variations of this complaint may depend on the specific circumstances of the breach and the type of contract involved.The District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal action filed in the District of Columbia Court system when a guarantor fails to fulfill their obligations relating to an open account credit transaction. The complaint seeks to hold the guarantor accountable for breaching either oral or implied contracts. In this type of complaint, the plaintiff alleges that a valid contract existed, either in the form of an oral agreement or an implied contract based on the parties' conduct or actions. The complaint contends that the guarantor, who has agreed to assume responsibility for the debtor's payments in case of default, has breached their contractual obligations. The keywords relevant to this complaint include: 1. Guarantor: The party obligated to assume responsibility for the debt in the event of the debtor's default. 2. Open account credit: The credit extended to the debtor to make purchases or obtain services without a set end-date for repayment. 3. Breach: Failure to fulfill the terms of a contract, either by non-performance, non-payment, or any other violation of the agreed-upon obligations. 4. Oral contract: A legally binding agreement made orally between the parties involved, with terms and conditions agreed upon through spoken communication. 5. Implied contract: A contract that is not explicitly formed by an offer and acceptance but can be inferred from the parties' behavior or actions. 6. District of Columbia: Refers to the jurisdiction in which the complaint is filed, which is the District of Columbia Court system. Different types or variations of this complaint may include specific circumstances or situations, such as: 1. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral Contract: Focuses on a breach of an oral contract by the guarantor in open account credit transactions. 2. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Implied Contract: Pertains to a breach of an implied contract by the guarantor in open account credit transactions. 3. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Both Oral and Implied Contracts: Covers situations where the guarantor breaches both oral and implied contracts in open account credit transactions. 4. District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts with Unpaid Balances: Addresses cases where the breach of the oral or implied contracts by the guarantor leads to unpaid balances on the open account credit transactions. In conclusion, the District of Columbia Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal action seeking to hold a guarantor responsible for breaching their obligations in open account credit transactions. Variations of this complaint may depend on the specific circumstances of the breach and the type of contract involved.
