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.
The Harris Texas Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal document filed in Harris County, Texas, in cases where a guarantor fails to uphold their obligations in open account credit transactions. This type of complaint focuses on breaches of oral or implied contracts, where there is no written agreement, but a contractual relationship has been established. In these complaints, the plaintiff alleges that the guarantor, who provides security for credit extended to a debtor, has failed to fulfill their responsibilities. The complaint seeks compensation for the damages suffered by the plaintiff due to the guarantor's breach. There are various types of Harris Texas complaints against guarantors of open account credit transactions — breach of oral or implied contracts, including: 1. Commercial Guaranty Breach: This type of complaint involves a guarantor in a commercial setting who fails to fulfill their obligations to guarantee payment for an open account credit transaction. 2. Personal Guaranty Breach: In this case, the guarantor is an individual who personally guarantees the debt of another party in an open account credit transaction. If the guarantor fails to meet their obligations, this complaint is filed. 3. Corporate Guaranty Breach: This type of complaint involves a corporate entity that acts as a guarantor for another party's open account credit transaction. If the corporate guarantor breaches their obligation, this complaint is filed against them. 4. Implied Contract Breach: Sometimes, a contract may not be explicitly stated but can be implied through the actions or conduct of the parties involved. If a guarantor breaches their obligations in such cases, this complaint is filed. 5. Oral Contract Breach: In situations where there is no written agreement, but an oral contract exists between the parties, this type of complaint is filed against the guarantor if they fail to fulfill their obligations in open account credit transactions. These complaints are essential legal instruments to protect the interests of creditors and seek redress when guarantors fail to meet their obligations in open account credit transactions. They serve as a means to hold the guarantors accountable for any damages suffered by the creditors due to their breach of oral or implied contracts.The Harris Texas Complaint Against Guarantor of Open Account Credit Transactions — Breach of Oral or Implied Contracts is a legal document filed in Harris County, Texas, in cases where a guarantor fails to uphold their obligations in open account credit transactions. This type of complaint focuses on breaches of oral or implied contracts, where there is no written agreement, but a contractual relationship has been established. In these complaints, the plaintiff alleges that the guarantor, who provides security for credit extended to a debtor, has failed to fulfill their responsibilities. The complaint seeks compensation for the damages suffered by the plaintiff due to the guarantor's breach. There are various types of Harris Texas complaints against guarantors of open account credit transactions — breach of oral or implied contracts, including: 1. Commercial Guaranty Breach: This type of complaint involves a guarantor in a commercial setting who fails to fulfill their obligations to guarantee payment for an open account credit transaction. 2. Personal Guaranty Breach: In this case, the guarantor is an individual who personally guarantees the debt of another party in an open account credit transaction. If the guarantor fails to meet their obligations, this complaint is filed. 3. Corporate Guaranty Breach: This type of complaint involves a corporate entity that acts as a guarantor for another party's open account credit transaction. If the corporate guarantor breaches their obligation, this complaint is filed against them. 4. Implied Contract Breach: Sometimes, a contract may not be explicitly stated but can be implied through the actions or conduct of the parties involved. If a guarantor breaches their obligations in such cases, this complaint is filed. 5. Oral Contract Breach: In situations where there is no written agreement, but an oral contract exists between the parties, this type of complaint is filed against the guarantor if they fail to fulfill their obligations in open account credit transactions. These complaints are essential legal instruments to protect the interests of creditors and seek redress when guarantors fail to meet their obligations in open account credit transactions. They serve as a means to hold the guarantors accountable for any damages suffered by the creditors due to their breach of oral or implied contracts.
