When there are mutual accounts between persons who are not merchants, the time is computed from the true date of the last item, unless the account is liquidated and a balance struck.
Tenn. Code Ann. § 28-3-112
Mutual accounts between persons not merchants
Code 1858, § 2778; Shan., § 4475; Code 1932, § 8603; T.C.A
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.