Anaheim California Agreement to Arbitrate Disputed Open Account
Category:
State:
Multi-State
City:
Anaheim
Control #:
US-0133BG
Format:
Word;
Rich Text
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Description
An "open account" may also be referred to as "open current account," "running account" and "mutual, open and current account." However, properly speaking, the term "open account" means only an account on which the balance has not been determined. It 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.
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