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.
Tenn. Code Ann. § 28-3-112, under Miscellaneous Limitations.
Tenn. Code Ann. § 28-3-112
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.