Which of the following is an accurate statement about open-book accounts?
A. They are regulated by the Truth in Lending Act.
B. The statute of limitations does not apply to open-book accounts.
C. They are accounts with only one charge.
D. The last date of payment or charge for each illness is used as the starting date for determining the time limit on that specific debt.
E. The patient and physician sign an agreement for payment in more than one installment.
Answer: D
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A. 1 B. N C. W D. Y
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Answer the following statement true (T) or false (F)