1-31. Action upon a mutual, open and current account.
In an action brought to recover a balance due upon a mutual, open and current account, where there have been reciprocal demands between the parties, the cause of action accrues from the time of the latest item proved in the account on either side. (C.C.P., s. 39; Code, s. 160; Rev., s. 376; C.S., s. 421; 1951, c. 837, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 3 - Limitations, General Provisions.
§ 1-15 - Statute runs from accrual of action.
§ 1-18 - Disability of marriage.
§ 1-19 - Cumulative disabilities.
§ 1-20 - Disability must exist when right of action accrues.
§ 1-21 - Defendant out of State; when action begun or judgment enforced.
§ 1-22 - Death before limitation expires; action by or against personal representative or collector.
§ 1-23 - Time of stay by injunction or prohibition.
§ 1-24 - Time during controversy on probate of will or granting letters.
§ 1-26 - New promise must be in writing.
§ 1-27 - Act, admission or acknowledgment by party to obligation, co-obligor or guarantor.
§ 1-30 - Applicable to actions by State.
§ 1-31 - Action upon a mutual, open and current account.
§ 1-32 - Not applicable to bank bills.