Accessory Contract

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accessory contract
supplementary contract, contract appended to the principle contract


The Lectric Law Library DictionaryDownload this dictionary
Accessory Contract
One made for assuring the performance of a prior contract, either by the same parties or by others, such as suretyship, mortgages, and pledges.

It is a general rule that payment of the debt due or the performance of a thing required to be performed by the first or principal contract is a full discharge of such accessory obligation.

An accessory agreement to guaranty an original contract which is void has no binding effect.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Courtesy of the 'Lectric Law Library.

Dizionario inglese-italiano 1.0.012Download this dictionary
ACCESSORY CONTRACT
CONTRATTO ACCESSORIO

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