WebUnder United States law, account stated is a statement between a creditor (the person to whom money is owed) and a debtor (the person who owes) based upon a series of prior transactions that a particular amount is owed to the creditor as of a certain date. Often the account stated is a bill, invoice or a summary of invoices, signed by the ... WebOct 26, 2015 · THE RULES. “Account stated” is a theory of liability that dates back in common law, hundreds of years to the medieval period. Today it is used in debt collection cases to prove a consumer’s liability for a debt when the contract giving rise to the debt cannot be proven. The theory behind an account stated claim is that if a debtor ...
Claim Definition & Meaning - Merriam-Webster
WebClaim definition, to demand by or as by virtue of a right; demand as a right or as due: to claim an estate by inheritance. See more. Webnoun. 1. : a demand for something due or believed to be due. an insurance claim. 2. a. : a right to something. specifically : a title to a debt, privilege, or other thing in the possession … don\u0027s alterations hamilton ohio
Stated Amount for Commercial Vehicles
WebA stated amount is the value that you place on your vehicle and provide to your insurer. It’s the price you’d ask a buyer to pay if you sold your car today. The stated amount allows you to customize your commercial auto insurance to reflect your vehicle's worth. It also takes the condition of your vehicle into account and includes special ... WebOct 18, 2024 · Definition An insurance deductible is the amount of money you will pay on an insurance claim before the insurance coverage kicks in and pays the rest. Key Takeaways An insurance deductible is an amount you pay before your insurer picks up its share of an insured loss. The amount you'll owe will differ from plan to plan. Web1 a : to state or declare positively and often forcefully or aggressively The suspect continued to assert his innocence. b : to compel or demand acceptance or recognition of (something, such as one's authority) … the confrontations that inevitably occur [between orangutans] when several males try to assert dominance … NationalGeographic.com city of goodyear trash holiday