Tennessee § 28-3-112 - Mutual accounts between persons not merchants.
Full text of Tennessee Tennessee Code Annotated § 28-3-112 — Mutual accounts between persons not merchants., with citation guidance and answers to common questions.
§ 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. Textbooks. Tennessee Jurisprudence, 1 Tenn. Juris., Accounts and Accounting, § 14.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 28-3-112
What does Tennessee Code Annotated § 28-3-112 cover?
Section 28-3-112 ("Mutual accounts between persons not merchants.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 28-3-112?
A common citation format is "Tennessee Code Annotated § 28-3-112" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 28-3-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.