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Simple English definitions for legal terms

accessory contract

Read a random definition: dram-shop act

A quick definition of accessory contract:

An accessory contract is an agreement between two or more parties that creates obligations that can be enforced by law. It can be a written document or a verbal agreement. A contract is like a promise that must be kept, and if it is broken, there are consequences. Sometimes people use the word "contract" to refer to the written document, but it is important to remember that the agreement itself is what matters, not the paper it is written on.

A more thorough explanation:

An accessory contract is a type of contract that is created in connection with another contract. It is a separate agreement that is dependent on the main contract and cannot exist without it.

For example, if you buy a car on credit, you will sign a loan agreement with the bank. The loan agreement is the main contract, and the accessory contract is the security agreement that gives the bank the right to repossess the car if you default on the loan.

Another example of an accessory contract is a guarantee agreement. If you are renting an apartment, the landlord may require you to have a guarantor who will be responsible for paying the rent if you cannot. The guarantee agreement is the accessory contract that creates this obligation.

Accessory contracts are important because they provide additional security for the parties involved in the main contract. They ensure that the obligations of the main contract are fulfilled and that the parties are protected in case of default.

accessory building | accessory obligation

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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