What is ACCESSORY CONTRACT? Definition of ACCESSORY CONTRACT in Black's Law Dictionary
In the civil law. A contract which is incident or auxiliary to another or principal contract; such as the engagement of a surety. Poth. Obl. pt. 1, c. 1, § 1, art. 2.
A principal contract is one entered into by both parties
,on their own accounts, or in the several qualities they assume. An accessory contract is made for assuring the performance of a prior contract, either by the same parties or by others; such as suretyship, mortgage, and pledge. Blaisdell v. Coe, 83 N.H. 167, 139 A. 758, 65 A.L.R. 626.
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AGREEMENT
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That's the definition of ACCESSORY CONTRACT in Black's Law Dictionary - Courtesy of Cekhukum.com.
