An open account is an account based on continuous dealing between the parties, which has not been closed, settled or stated, and which is kept open with the expectation of further transactions. An open account is created when the parties intend that the individual items of the account will not be considered independently, but as a connected series of transactions. In addition, the parties must intend that the account will be kept open and subject to a shifting balance as additional related entries of debits and credits are made, until either party decides to settle and close the account. This form is a complaint against a guarantor of such an account.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Washington Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal document used in the state of Washington when a party wishes to take legal action against a guarantor who has breached an oral or implied contract related to open account credit transactions. This complaint is a formal way to bring a lawsuit against the guarantor, seeking remedies for the breach of contract. In such cases, the complaint outlines the details of the oral or implied contract that was agreed upon between the parties involved. It describes the specific terms and conditions of the credit transaction, such as the amount of credit provided, the agreed-upon interest rates, payment terms, and any other relevant details. The complaint also highlights the breach of contract by the guarantor, stating how they failed to fulfill their obligations as outlined in the oral or implied agreement. It provides specific examples of actions or lack thereof that constitute a breach, such as non-payment, late payments, refusal to honor the contract, or any other action that goes against the agreed-upon terms. It is important to note that there may be different types or variations of this complaint depending on the circumstances of the case. Some possible variations may include: 1. Complaint Against Guarantor for Non-Payment: This type of complaint is filed when the guarantor fails to make the required payments as per the oral or implied contract, resulting in a breach of the agreement. 2. Complaint Against Guarantor for Late Payments: This complaint is relevant when the guarantor consistently makes payments after the agreed-upon due date, which infringes upon the terms of the open account credit contract. 3. Complaint Against Guarantor for Refusal to Honor the Contract: In this case, the complaint is filed when the guarantor explicitly refuses to fulfill their obligations, denying the existence of the oral or implied contract, or refusing to carry out its terms. 4. Complaint Against Guarantor for Unauthorized Use of Credit: This type of complaint is relevant when the guarantor exceeds the scope of their authorized credit limits or uses the open account credit without the consent of the credit provider, leading to a breach of contract. In summary, a Washington Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal document designed to initiate legal action against a guarantor in cases where they have breached the terms of an oral or implied contract pertaining to open account credit transactions. Different types or variations of this complaint may exist depending on the nature of the breach, such as non-payment, late payments, refusal to honor the contract, or unauthorized use of credit.
