Texas 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 Texas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Texas to confirm the accuracy and correctness of an account statement by a debtor. This document serves as evidence that the debtor acknowledges the debt owed and verifies that the account statement provided by the creditor is correct. In this acknowledgment, the debtor affirms the amount owed, the date of the debt, and acknowledges that they have reviewed the account statement closely. It is crucial for both parties involved to understand that this acknowledgment is a legally binding document and can be used as evidence in any future disputes or legal proceedings. There are two commonly used types of Texas Acknowledgment by Debtor of Correctness of Account Stated: 1. Individual Debtor: This acknowledgment is used when an individual is the debtor. The individual debtor provides their full legal name, address, and other personal details to ensure proper identification. They then confirm the accuracy of the stated account and agree to its correctness. 2. Business Debtor: This acknowledgment is used when a business entity is the debtor. In addition to the business name, address, and other contact information, the person authorized to sign on behalf of the business also provides their name, title, and signature. This ensures that the acknowledgment holds the business accountable for the stated account. Keywords: Texas, acknowledgment, debtor, correctness, account stated, accuracy, legal document, evidence, debt owed, account statement, parties, disputes, legal proceedings, individual debtor, business debtor, personal details, identification, business entity, business name, address, contact information, authorized signatory, accountability.

The Texas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in Texas to confirm the accuracy and correctness of an account statement by a debtor. This document serves as evidence that the debtor acknowledges the debt owed and verifies that the account statement provided by the creditor is correct. In this acknowledgment, the debtor affirms the amount owed, the date of the debt, and acknowledges that they have reviewed the account statement closely. It is crucial for both parties involved to understand that this acknowledgment is a legally binding document and can be used as evidence in any future disputes or legal proceedings. There are two commonly used types of Texas Acknowledgment by Debtor of Correctness of Account Stated: 1. Individual Debtor: This acknowledgment is used when an individual is the debtor. The individual debtor provides their full legal name, address, and other personal details to ensure proper identification. They then confirm the accuracy of the stated account and agree to its correctness. 2. Business Debtor: This acknowledgment is used when a business entity is the debtor. In addition to the business name, address, and other contact information, the person authorized to sign on behalf of the business also provides their name, title, and signature. This ensures that the acknowledgment holds the business accountable for the stated account. Keywords: Texas, acknowledgment, debtor, correctness, account stated, accuracy, legal document, evidence, debt owed, account statement, parties, disputes, legal proceedings, individual debtor, business debtor, personal details, identification, business entity, business name, address, contact information, authorized signatory, accountability.