Tennessee Acknowledgment by Debtor of Correctness of Account Stated

• Category: Contracts - Acknowledgments
• State: Multi-State
• Control #: US-0036BG
• Format: Word; Rich Text

Description

An account stated must be based on the parties' mutual assent; it must appear, at the time of the statement, that indebtedness from one party to the other existed and that a balance was then struck and agreed to be the correct sum owing from the debtor to the creditor. There must be an exact, certain, and definite balance arrived at by the debtor and creditor. The Tennessee Acknowledgment by Debtor of Correctness of Account Stated is a legal document that confirms the accuracy of a stated account by a debtor. This acknowledgment serves as proof that the debtor has thoroughly reviewed and agreed upon the details presented in the account statement. The purpose of this acknowledgment is to protect the rights and interests of both parties involved in a financial transaction. By signing this document, the debtor acknowledges that they have received and carefully examined the account statement, ensuring that it accurately reflects the debt owed. The acknowledgment includes crucial information such as the debtor's full legal name, address, and contact details. It also specifies the date on which the account statement was issued and the total balance due. The document may also contain specific terms and conditions related to the debt, if any. Keywords related to this acknowledgment include: Tennessee, acknowledgment, debtor, correctness, account stated, accuracy, document, financial transaction, proof, rights, interests, signing, received, examined, owed, legal name, address, contact details, date, balance due, terms, conditions. It is important to note that while there might not be different types of Tennessee Acknowledgment by Debtor of Correctness of Account Stated, there could be variations or modifications of this document depending on the specific circumstances of the debt or transaction. The content and format of the acknowledgment may differ based on whether it is being used for commercial purposes or in personal finance situations. However, the core purpose of validating the accuracy of the account statement remains the same.

The Tennessee Acknowledgment by Debtor of Correctness of Account Stated is a legal document that confirms the accuracy of a stated account by a debtor. This acknowledgment serves as proof that the debtor has thoroughly reviewed and agreed upon the details presented in the account statement. The purpose of this acknowledgment is to protect the rights and interests of both parties involved in a financial transaction. By signing this document, the debtor acknowledges that they have received and carefully examined the account statement, ensuring that it accurately reflects the debt owed. The acknowledgment includes crucial information such as the debtor's full legal name, address, and contact details. It also specifies the date on which the account statement was issued and the total balance due. The document may also contain specific terms and conditions related to the debt, if any. Keywords related to this acknowledgment include: Tennessee, acknowledgment, debtor, correctness, account stated, accuracy, document, financial transaction, proof, rights, interests, signing, received, examined, owed, legal name, address, contact details, date, balance due, terms, conditions. It is important to note that while there might not be different types of Tennessee Acknowledgment by Debtor of Correctness of Account Stated, there could be variations or modifications of this document depending on the specific circumstances of the debt or transaction. The content and format of the acknowledgment may differ based on whether it is being used for commercial purposes or in personal finance situations. However, the core purpose of validating the accuracy of the account statement remains the same.