Practice point: An account stated is an agreement based on prior transactions with respect to the correctness of the account items and the balance due.
Students should note that the agreement may be implied from the retention of an account rendered, without objection, for an unreasonable period of time.
Case: Landau v. Weissman, NY Slip Op 07899 (2d Dept. 2010)
Here is the decision.
Tomorrow’s issue: Attorney-client relations.
