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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Business Law
Satisfied Customers: 118772
Experience:  All corporate law, including non-profits and charitable fraternal organizations.
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We built a house and closed on our construction loan about

Resolved Question:

We built a house and closed on our construction loan about 15 months ago. Today, 18 months after work was completed, we received an invoice for our flooring, carpet, tile. Is there a time line they should have sent us an invoice? With all of the commotion of building, etc. it never occurred to us we didn't receive that invoice and thought everything was paid and loan is closed on and now have a $6800 bill due in 30 days. Any advice is appreciated.
Submitted: 8 years ago.
Category: Business Law
Expert:  Law Educator, Esq. replied 8 years ago.
Unfortunately, WI has a 6 year statute of limitations to file claims on an open account and the vendor has the right to file this bill with you now. You should send the vendor a letter informing them that you will require terms to pay this bill since they have chosen to wait until after you closed out your construction loan to bill you. However, if this were to go to court, the courts would still hold you liable to pay based on the fact that the work was done.

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