Re: Why Chat: 1 more, You're saving my life

Posted by Why Chat (209.240.198.61) on June 16, 2003 at 00:07:47:

In Reply to: Why Chat: 1 more, You're saving my life posted by GS on June 15, 2003 at 22:06:20:

If you go to my website,and click on Texas, you will find the appropriate statutes, (excerpt below with * showing the covering laws)

(c) A person must bring suit against his partner for a settlement of partnership accounts, and must bring an action on an open or stated account, or on a mutual and current account concerning the trade of merchandise between merchants or their agents or factors, *not later than four years after the day that the cause of action accrues. For purposes of this subsection, the cause of action accrues on the day that the *dealings* in which the parties were interested *together* cease.(THIS MEANS LAST PAYMENT OR CHARGE,NOT FIRST "LATE" MONTH.)
THE FOLLOWING STATUTE PROHIBITS "RE-AGING" OF SOL WITHOUT A WRITTEN CONTRACT
§ 16.065. Acknowledgment of Claim
An acknowledgment of the justness of a claim that appears to be barred by limitations is not admissible in evidence to defeat the law of limitations if made after the time that the claim is due unless the *acknowledgment is in writing and is signed by the party to be charged.*

(Any agreement you made with CCCS DOES NOT fulfil the requirements of this statute)

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