Stated account
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 11 U.S. 147 - Freeland v. Heron, Lenox & Co. · 1812Most cited · 17 citing opinions
rule of merchants
When one merchant sends an account current to another residing in a different country, between whom there are mutual dealings, and he keeps it two years without making any objections, it shall be deemed a stated account, and his silence and acquiescence shall bind him, at least so far as to cast the onus probandi on him.
How often courts cite the case defining “Stated account”
Court decisions citing the opinion that defined “Stated account” — 17 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.