When two people or businesses have been trading back and forth — each owing the other money at different times — and someone sues to collect what's still owed, the clock on how long they have to file that lawsuit starts from the last time the other side made a payment or charge on the account.
516.160. In , when . — In an brought to recover a balance due on a , where there have been between the parties, the cause of action shall be to have accrued from time of the last item in the account on the .
(RSMo 1939 § 1019)
Prior revisions: 1929 § 867; 1919 § 1322; 1909 § 1893
Tap any gold-underlined word to see what it means.
Related Missouri laws
Mortgages last maturing obligation is due, how determined
RSMo 516.155
No action to foreclose mortgage after note barred
RSMo 516.150
May delay filing of action, when
RSMo 516.170
What actions within one year
RSMo 516.145
What actions within two years
RSMo 516.140
On death of person under disability, cause of action survives
RSMo 516.180
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.