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what is your question?
did you cancel in writing?
is the visa application only in the business name or also is there a personal guaranty?
I did not cancel in writing I did not know I had to since the rep. from West Coast Bank set up the account and said he would take care of the termination.
As far as the personal guaranty I am not sure. I would imagine that would be affirmative since everything in business still runs off of someones social security number until the company is big enough that it can stand on it's own credit.
I guess my question is how long after they said they have provided the service to you, do they have to bill you for the service?
The reason I ask is that my business does a service for the State. If I do not bill within 90 days after the service I cannot bill at all. I am wondering if this applies to other companies as well.
The billing depends on the industry practice so if you did not get a bill for 3 months you can raise defenses of waiver and laches, but practically if the service was rendered and a lawsuit filed a court would likely press for settlement.
The bill didn't show up until 4 years later and no purchases were ever put through on the machine. Nothing was ever processed as we never had a need to use it. Therefore it sat collecting dust until the bank rep. came and got the machine.