Legal Definition and Related Resources of Account, Settled

A settled account is a statement in writing of the accounts between two parties, one of whom is under a duty to account to the other, which both of them have agreed to and accepted as correct. The plea of a settled account is a good defence to an action for an account, but the plaintiff may in reply allege error or fraud. Leave may be given to “surcharge and falsify” i. e., add items in his favour which were omitted, and strike out items against him which were wrongly inserted. If fraud be proved the account will be set aside

Browse or run a search for Account, Settled in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Account, Settled in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Account, Settled in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Account, Settled in the Legal Abbreviations and Acronyms Dictionary.

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What does Account settled mean in American Law?

The definition of Account settled in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

See account stated.

Meaning of Account Settled

In this law dictionary, the legal term account settled is a kind of the Accounting class.

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Meaning of Account Settled

In this law dictionary, the legal term account settled is a kind of the Accounting class.

Resources

See Also