16.640 Contracts; Account Stated | Pdf Doc Docx | Georgia_JI

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16.640 Contracts; Account Stated | Pdf Doc Docx | Georgia_JI

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16.640 Contracts; Account Stated

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16.640 Contracts; Account Stated An account stated is an agreement by which persons who have had previous transactions with each other fix the amount due in respect to such transactions by mutual agreement and the one indebted promises payment of the balance. Moore v. Hendrix & Hodges, 144 Ga. 646, 648 (1916) In order to convert an open account into an account stated, an oral agreement as to the amount and an oral promise to pay are sufficient. Martin v. Mayer, 63 Ga. App. 387, 399 (1940)

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