Merchants’ Accounts
Defined in 3 dictionaries — Bouvier (1914), Black's (1910), Black's (1891)
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Accounts between merchant and merchant, which must be current, mutual, and unsettled, consisting of debts and credits for merchandise. Fox V. Fisk, 6 How. (Miss.) 328; Spring v. Gray/ 6 Pet. (U. S.) 151, 8 L. Ed. 352. The statutes of limitation in most of the states contain an exception in favor of such accounts, following the stat. 21 Jac. I. c. 16, § 3, which, however, was repealed in England by 19 & 20 Viet. c. 97, § 9, and has not been retained in the latest revised acts of limitation in this country. Whether the exception applied to accounts in which there had been no item for six years, has been the subject of conflicting adjudication, but was settled affirmatively in England, in Robinson V. Alexander, 8 Bllgh N. S. 352. See 8 M. & W. 781; Murray v. Coster, 20 Johns. (N. Y.) 576, 11 Am. Dec. 333; Bond v. Jay, 7 era. (U. S.) 350, 3 L. Ed. 367; Todd v. Rafferty’s Adm’rs, 30 N. J. Eq. 254; Ang. Lim. ch. XV.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
Accounts between merchant and merchant, which must be current, mutual, and unsettled, consisting of debts and credits for merchandise. Fox v. Fisk, 6 How. (Miss.) 328.
Defined under Merchant in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
Ac counts botween merchant and merchant, which must be current, mutual, and unset-