Bexar Texas Acknowledgment by Debtor of Correctness of Account Stated

• Category: Contracts - Acknowledgments
• State: Multi-State
• County: Bexar
• 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. Bexar Texas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of Texas to confirm and acknowledge the accuracy and correctness of an account statement presented by a creditor. This acknowledgment serves as evidence that the debtor agrees with the stated balance and the charges outlined in the account statement. In Bexar County, Texas, there are different types of Acknowledgment by Debtor of Correctness of Account Stated, including: 1. Individual Debtor Acknowledgment: This acknowledgment is used when an individual debtor, who is personally liable for the debt, acknowledges the correctness of the account stated. It confirms that the debtor understands and accepts the outstanding balance and charges shown on the statement. 2. Joint Debtor Acknowledgment: In cases where there are multiple debtors jointly responsible for a debt, this acknowledgment is used. Each joint debtor acknowledges the correctness of the account stated, indicating their agreement with the balance and charges presented. 3. Corporate Debtor Acknowledgment: This type of acknowledgment is used when a corporate entity is the debtor. It confirms that the corporation acknowledges the accuracy of the account statement and accepts the outstanding balance and charges disclosed. 4. Limited Liability Company (LLC) Debtor Acknowledgment: For debts owed by an LLC, this acknowledgment is used. It confirms that the LLC acknowledges the correctness of the account stated and accepts the charges and balance as presented. The Bexar Texas Acknowledgment by Debtor of Correctness of Account Stated is an essential legal document in debt-related matters. It ensures that both the creditor and debtor have a mutual understanding of the outstanding balance and charges, thereby avoiding disputes or future discrepancies regarding the account. It is crucial for debtors to carefully review the account statement before signing the acknowledgment to ensure the accuracy of the information provided.

Bexar Texas Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of Texas to confirm and acknowledge the accuracy and correctness of an account statement presented by a creditor. This acknowledgment serves as evidence that the debtor agrees with the stated balance and the charges outlined in the account statement. In Bexar County, Texas, there are different types of Acknowledgment by Debtor of Correctness of Account Stated, including: 1. Individual Debtor Acknowledgment: This acknowledgment is used when an individual debtor, who is personally liable for the debt, acknowledges the correctness of the account stated. It confirms that the debtor understands and accepts the outstanding balance and charges shown on the statement. 2. Joint Debtor Acknowledgment: In cases where there are multiple debtors jointly responsible for a debt, this acknowledgment is used. Each joint debtor acknowledges the correctness of the account stated, indicating their agreement with the balance and charges presented. 3. Corporate Debtor Acknowledgment: This type of acknowledgment is used when a corporate entity is the debtor. It confirms that the corporation acknowledges the accuracy of the account statement and accepts the outstanding balance and charges disclosed. 4. Limited Liability Company (LLC) Debtor Acknowledgment: For debts owed by an LLC, this acknowledgment is used. It confirms that the LLC acknowledges the correctness of the account stated and accepts the charges and balance as presented. The Bexar Texas Acknowledgment by Debtor of Correctness of Account Stated is an essential legal document in debt-related matters. It ensures that both the creditor and debtor have a mutual understanding of the outstanding balance and charges, thereby avoiding disputes or future discrepancies regarding the account. It is crucial for debtors to carefully review the account statement before signing the acknowledgment to ensure the accuracy of the information provided.