accessory obligation

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• accessory obligation — An obligation subordinate to the main or principal one …   Ballentine's law dictionary

• accessory — ac·ces·so·ry also ac·ces·sa·ry /ik se sə rē, ak / n pl ries [Medieval Latin accessorius subordinate matter, accomplice to a crime, from Latin accedere to go to, agree, assent] 1: a person who is not actually or constructively present but with… …   Law dictionary

• obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

• accessory — Anything which is joined to another thing as an ornament, or to render it more perfect, or which accompanies it, or is connected with it as an incident, or as subordinate to it, or which belongs to or with it. Adjunct or accompaniment Louis… …   Black's law dictionary

• principal and accessory contract — A contract is accessory when it is made to provide security for the performance of an obligation. Suretyship, mortgage, and pledge are examples of such a contract. When the secured obligation arises from a contract, either between the same or… …   Black's law dictionary

• accessio — /aeksesh(iy)ow/ In Roman law, an increase or addition; that which lies next to a thing, and is supplementary and necessary to the principal thing; that which arises or is produced from the principal thing; an accessory obligation (q.v.). One of… …   Black's law dictionary

• contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

• principal — prin·ci·pal 1 / prin sə pəl/ adj 1: being the main or most important, consequential, or influential their principal place of business the principal obligor 2: of, relating to, or constituting principal or a principal the principal amount of the… …   Law dictionary

• Demand guarantee — In English writings, traditionally the term “guarantee” denotes an accessory (secondary) or “conditional” type of obligation. The essence of the instrument is the promise to answer for the duty of another should the other default. The beneficiary …   Wikipedia

• Dishonest assistance — Dishonest assistance, or knowing assistance, is a type of third party liability under trust law. It is usually seen as one of two liabilities established in Barnes v Addy,[1] the other one being knowing receipt. To be liable for dishonest… …   Wikipedia