PRINCIPAL AND ACCESSORY
\pɹˈɪnsɪpə͡l and ɐksˈɛsəɹˌi], \pɹˈɪnsɪpəl and ɐksˈɛsəɹˌi], \p_ɹ_ˈɪ_n_s_ɪ_p_əl a_n_d ɐ_k_s_ˈɛ_s_ə_ɹ_ˌi]\
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A principal contract is one which stands by itself, justifies its own existence, and is not subordinate or auxiliary to any other. Accessory contracts are those made for assuring the performance of a prior contract, either by the same parties or by others, such as suretyship, mortgage, and pledges. Cir. Code La. art. 1764
By Henry Campbell Black
Word of the day
ACTUAL CHANGE OF POSSESSION
- In statutes of frauds. An open, visible, and unequivocal change possession, manifested by the usual outward signs, as distinguished from a merely formal or constructive change. Randall Parker, 3 Sandf. (Y.) 09; Murcii v. Swensen, 40 Minn. 421, 42 N. W. 290; Dodge v. .Tones, 7 Mont. 121, 14 Pac. 707; Stevens Irwin, 15 Cal. 503. 76 Am. Dec. 500