District of Columbia Acknowledgment by Debtor of Correctness of Account Stated

State:
Multi-State
Control #:
US-0163BG
Format:
Word; 
Rich Text
Instant download

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. The District of Columbia Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the District of Columbia to confirm the accuracy and completeness of a stated account by a debtor. This acknowledgment serves as a formal declaration by the debtor that they believe the account statement provided by the creditor is correct. Keywords: District of Columbia, acknowledgment, debtor, correctness, account stated, legal document, accuracy, completeness, formal declaration, creditor. Types of District of Columbia Acknowledgment by Debtor of Correctness of Account Stated: 1. Individual Acknowledgment: This type of acknowledgment is used when an individual debtor, as opposed to a business entity, acknowledges the correctness of the account stated. It is commonly used in situations where an individual owes a debt to a creditor. 2. Business Entity Acknowledgment: This type of acknowledgment is used when a business entity, such as a corporation or partnership, acknowledges the correctness of the account stated. It is commonly used in situations where a business owes a debt to a creditor. 3. Joint Debtor Acknowledgment: This type of acknowledgment is used when there are multiple debtors involved, and they jointly acknowledge the correctness of the account stated. It is commonly used in situations where two or more individuals or business entities owe a debt to a creditor. 4. Notarized Acknowledgment: This type of acknowledgment requires the presence of a notary public who witnesses the debtor's signature and verifies their identity. A notarized acknowledgment adds an extra level of authenticity and can be particularly useful when the account stated is of significant importance or value.

The District of Columbia Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the District of Columbia to confirm the accuracy and completeness of a stated account by a debtor. This acknowledgment serves as a formal declaration by the debtor that they believe the account statement provided by the creditor is correct. Keywords: District of Columbia, acknowledgment, debtor, correctness, account stated, legal document, accuracy, completeness, formal declaration, creditor. Types of District of Columbia Acknowledgment by Debtor of Correctness of Account Stated: 1. Individual Acknowledgment: This type of acknowledgment is used when an individual debtor, as opposed to a business entity, acknowledges the correctness of the account stated. It is commonly used in situations where an individual owes a debt to a creditor. 2. Business Entity Acknowledgment: This type of acknowledgment is used when a business entity, such as a corporation or partnership, acknowledges the correctness of the account stated. It is commonly used in situations where a business owes a debt to a creditor. 3. Joint Debtor Acknowledgment: This type of acknowledgment is used when there are multiple debtors involved, and they jointly acknowledge the correctness of the account stated. It is commonly used in situations where two or more individuals or business entities owe a debt to a creditor. 4. Notarized Acknowledgment: This type of acknowledgment requires the presence of a notary public who witnesses the debtor's signature and verifies their identity. A notarized acknowledgment adds an extra level of authenticity and can be particularly useful when the account stated is of significant importance or value.

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District of Columbia Acknowledgment by Debtor of Correctness of Account Stated