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Accessory contract

Law Accessory after the factAccident

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.

 


Accessory contract
Definition
: a contract (as a security agreement) made to secure the performance of another obligation
compare principal contract in this entry ...

See also: Contra, Performance, Agreement, Principal, Obligation