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Ellen
Ellen, Attorney
Category: Business Law
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Experience:  25 years of experience helping people like you.
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WHAT IS THE STATUTE OF LIMITATION ON A DEBT FROM A RETAIL CUSTOMER,

Resolved Question:

WHAT IS THE STATUTE OF LIMITATION ON A DEBT FROM A RETAIL CUSTOMER, WHO HAS SIGNED AN APPLICATION FOR STORE CREDIT AGREEING TO THE TERMS AND CONDITIONS STATED ON THE APPLICATION, TO A RETAILER. I HAVE A FEW ACCOUNTS THAT WOULD NOT PAY THEIR INVOICES.
Submitted: 8 years ago.
Category: Business Law
Expert:  Ellen replied 8 years ago.

Hello,


Thank you for your question. I am happy to assist you.



A store credit card is typically referred to as an "open account". The statute of limitations for an open account in Florida is 4 years.


I hope that the information which I provided was helpful to you.


Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.


Thank you,
FLAandNYLAWYER



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