28-3-112 - Mutual accounts between persons not merchants. - Tennessee Statutes

28-3-112. Mutual accounts between persons not merchants.

When there are mutual accounts between persons who are not merchants, the time is computed from the true date of the last item, unless the account is liquidated and a balance struck.

[Code 1858, § 2778; Shan., § 4475; Code 1932, § 8603; T.C.A. (orig. ed.), § 28-312.]