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An "AC suit on account" typically refers to an Accounts Receivable (AC) suit related to outstanding payments owed to a business. This legal action is taken when a debtor fails to settle their account, prompting the creditor to seek recovery through the court system. The suit may involve claims for the amount due, interest, and possibly legal fees associated with the collection process. Ultimately, the goal is to secure a judgment that compels the debtor to pay their outstanding balance.

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3mo ago

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