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Simple English definitions for legal terms

accompt

Read a random definition: advisory office action

A quick definition of accompt:

Accompt is an old-fashioned word that means "accounting." It's used to describe keeping track of money and transactions between people or businesses. When someone owes money to another person, they might be asked to provide an accompt to show how much they owe. It's important to be accountable for your actions and to keep accurate records of your financial dealings.

A more thorough explanation:

Definition: Accompt is an archaic spelling of the word "account." It refers to a detailed statement of financial transactions between parties in a fiduciary relationship, such as an agent and a principal. The purpose of an account is to ascertain and recover the balance due, which can only be maintained when there is an obligation to account and the amount due is uncertain and unliquidated.

Examples:

  • The principal filed an action for account against his agent to recover the balance due for goods or money received in a fiduciary capacity.
  • The contractor filed an action for account against the nonpaying customer to ascertain and recover the balance due for services rendered.

These examples illustrate how an account is used to recover the balance due in a fiduciary relationship where the amount is uncertain and unliquidated.

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Dkk
16:01
@TheAdoptedOne: he gave up too easily.
[] baddestbunny
16:01
8!
Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
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