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Account Stated

A New Law Dictionary and Glossary · Alexander M. Burrill · 1850

A New Law Dictionary and Glossary

An account balanced and rendered, with an assent to such balance, express or implied.

Parker, C. J. 8 Pick. B, 187, 198.

An account current sent by a« foreign merchant to a merchant m this country, and not objected to for two years, is deemed an account stated, and throws the burden of proof upon him who received and kept it without objection.

7 Cranch, 147.

J&ut an account closed by the cessation of dealings between the parties, is not an account stated.

5 Cranch, 15. 8 Pick, vh. sup.

See Insimul comjmtassmt, ACCREDULITARig, L. Lat. To purge an offence by oath.

Blount.