Delaware Acknowledgment by Debtor of Correctness of Account Stated

• Category: Loans and Lending - Creditors
• State: Multi-State
• Control #: US-0163BG
• Format: Word; Rich Text

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. Delaware Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Delaware to verify the accuracy of a stated account. This acknowledgment signifies that the debtor has been presented with an account statement and acknowledges its correctness. It serves as evidence that the debtor has reviewed the account and agrees with the information provided. In Delaware, there are two common types of acknowledgments by the debtor regarding the correctness of account stated: 1. Basic Delaware Acknowledgment: This is a straightforward acknowledgment where the debtor affirms that they have received and reviewed the account statement and found it to be accurate. This type of acknowledgment is often used in regular business transactions and is suitable when there are no disputes or discrepancies regarding the stated account. 2. Disputed Delaware Acknowledgment: In this type of acknowledgment, the debtor acknowledges the receipt of the account statement but indicates that there are disagreements or discrepancies regarding certain items or amounts mentioned in the stated account. This acknowledgment is primarily used when there are unresolved issues or disputes related to the stated account. By signing this document, the debtor confirms their receipt of the account statement but reserves the right to challenge specific items in the future. When drafting a Delaware Acknowledgment by Debtor of Correctness of Account Stated, it is essential to include the following information: 1. Debtor's Information: Begin by clearly stating the name and address of the debtor. This information ensures that the acknowledgment is specific to the individual or entity involved in the account. 2. Creditor's Information: Include the name and address of the creditor to identify the party providing the account statement. 3. Account Details: Provide specific details about the account, such as an account number, billing period, or transaction dates, to clearly identify the account being acknowledged. 4. Statement of Accuracy: Include a statement affirming that the debtor has received the account statement and acknowledges the correctness of its contents. This statement should be straightforward and concise. 5. Signature and Date: Provide space for the debtor's signature and the date of acknowledgment, ensuring that it is signed voluntarily and without any coercion. Remember that legal documents should always be reviewed by a licensed attorney to ensure compliance with state laws and to address any specific concerns or circumstances pertaining to the account and the parties involved. To summarize, a Delaware Acknowledgment by Debtor of Correctness of Account Stated is a legal document used to confirm that the debtor has received and reviewed an account statement and acknowledges its accuracy. There are two main types of acknowledgments, namely the basic acknowledgment for uncontested accounts and the disputed acknowledgment for accounts with discrepancies or disputes. It is crucial to provide the debtor's information, creditor's information, account details, a statement of accuracy, and space for the debtor's signature and the date of acknowledgment. Consulting an attorney is advised for accurate and legally compliant documentation.

Delaware Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Delaware to verify the accuracy of a stated account. This acknowledgment signifies that the debtor has been presented with an account statement and acknowledges its correctness. It serves as evidence that the debtor has reviewed the account and agrees with the information provided. In Delaware, there are two common types of acknowledgments by the debtor regarding the correctness of account stated: 1. Basic Delaware Acknowledgment: This is a straightforward acknowledgment where the debtor affirms that they have received and reviewed the account statement and found it to be accurate. This type of acknowledgment is often used in regular business transactions and is suitable when there are no disputes or discrepancies regarding the stated account. 2. Disputed Delaware Acknowledgment: In this type of acknowledgment, the debtor acknowledges the receipt of the account statement but indicates that there are disagreements or discrepancies regarding certain items or amounts mentioned in the stated account. This acknowledgment is primarily used when there are unresolved issues or disputes related to the stated account. By signing this document, the debtor confirms their receipt of the account statement but reserves the right to challenge specific items in the future. When drafting a Delaware Acknowledgment by Debtor of Correctness of Account Stated, it is essential to include the following information: 1. Debtor's Information: Begin by clearly stating the name and address of the debtor. This information ensures that the acknowledgment is specific to the individual or entity involved in the account. 2. Creditor's Information: Include the name and address of the creditor to identify the party providing the account statement. 3. Account Details: Provide specific details about the account, such as an account number, billing period, or transaction dates, to clearly identify the account being acknowledged. 4. Statement of Accuracy: Include a statement affirming that the debtor has received the account statement and acknowledges the correctness of its contents. This statement should be straightforward and concise. 5. Signature and Date: Provide space for the debtor's signature and the date of acknowledgment, ensuring that it is signed voluntarily and without any coercion. Remember that legal documents should always be reviewed by a licensed attorney to ensure compliance with state laws and to address any specific concerns or circumstances pertaining to the account and the parties involved. To summarize, a Delaware Acknowledgment by Debtor of Correctness of Account Stated is a legal document used to confirm that the debtor has received and reviewed an account statement and acknowledges its accuracy. There are two main types of acknowledgments, namely the basic acknowledgment for uncontested accounts and the disputed acknowledgment for accounts with discrepancies or disputes. It is crucial to provide the debtor's information, creditor's information, account details, a statement of accuracy, and space for the debtor's signature and the date of acknowledgment. Consulting an attorney is advised for accurate and legally compliant documentation.