Stated Account
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
An acknowledgment of or agreement to an existing condition of liability of the parties, from which the law implies that all items therein are true and a promise to pay the balance thus acknowledged to be due.
246 IlL 241; 121 Cal. 590; 71 Cal. 60.