Rhode Island 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. Rhode Island Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Rhode Island to confirm and verify the accuracy of an account statement. This acknowledgment is typically signed by the debtor and serves as evidence that they have reviewed the account statement, found it to be correct, and agree to its contents. In Rhode Island, there are two types of Acknowledgment by Debtor of Correctness of Account Stated: 1. General Rhode Island Acknowledgment by Debtor of Correctness of Account Stated: This type of acknowledgment is commonly used in commercial transactions and allows the debtor to acknowledge the correctness of the account stated without admitting any liability or accepting any additional obligations. 2. Mutual Rhode Island Acknowledgment by Debtor of Correctness of Account Stated: This type of acknowledgment is used when both parties involved in a transaction confirm the accuracy of the account stated. It signifies a mutual agreement between the debtor and the creditor, often used in situations where both parties consent to the account balance or outstanding debts. Keywords: Rhode Island, acknowledgment, debtor, correctness, account stated, legal document, verify, accuracy, evidence, account statement, commercial transactions, liability, obligations, mutual agreement. Please note that I am an AI language model and cannot provide legal advice or create an actual legal document. It is always recommended consulting with a qualified attorney or legal professional for specific legal requirements and assistance in drafting or understanding legal documents.

Rhode Island Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Rhode Island to confirm and verify the accuracy of an account statement. This acknowledgment is typically signed by the debtor and serves as evidence that they have reviewed the account statement, found it to be correct, and agree to its contents. In Rhode Island, there are two types of Acknowledgment by Debtor of Correctness of Account Stated: 1. General Rhode Island Acknowledgment by Debtor of Correctness of Account Stated: This type of acknowledgment is commonly used in commercial transactions and allows the debtor to acknowledge the correctness of the account stated without admitting any liability or accepting any additional obligations. 2. Mutual Rhode Island Acknowledgment by Debtor of Correctness of Account Stated: This type of acknowledgment is used when both parties involved in a transaction confirm the accuracy of the account stated. It signifies a mutual agreement between the debtor and the creditor, often used in situations where both parties consent to the account balance or outstanding debts. Keywords: Rhode Island, acknowledgment, debtor, correctness, account stated, legal document, verify, accuracy, evidence, account statement, commercial transactions, liability, obligations, mutual agreement. Please note that I am an AI language model and cannot provide legal advice or create an actual legal document. It is always recommended consulting with a qualified attorney or legal professional for specific legal requirements and assistance in drafting or understanding legal documents.