Virgin Islands 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.

Virgin Islands Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the Virgin Islands to validate the accuracy and correctness of an account statement. This document serves as evidence that a debtor has reviewed and confirmed the accuracy of the transactions and amounts listed in the account statement provided by a creditor. The Virgin Islands Acknowledgment by Debtor of Correctness of Account Stated is typically used in situations where there is a financial relationship between a creditor and a debtor, such as a loan, credit card, or invoice. The document is signed by the debtor, affirming that they have received and reviewed the account statement and agree that the information stated therein is correct. Keywords relevant to this document include Virgin Islands, acknowledgment, debtor, correctness, account stated, accuracy, validation, evidence, transactions, amounts, creditor, financial relationship, loan, credit card, invoice, signed, affirm, received, reviewed, information, and correct. It's essential to note that there may be different types or variations of the Virgin Islands Acknowledgment by Debtor of Correctness of Account Stated. These variations can depend on specific requirements set by the creditor or the type of financial relationship between the parties involved. However, without further information, it is challenging to specify the exact types or variations.