Heavy rain, river or ocean action would have this effect by either washing up sand or soil or by a permanent retreat of the high water mark. The satisfaction is the consideration which makes the agreement operative."ĪCCRETION - The imperceptible and gradual addition to land by the slow action of water. The accord is the agreement by which the obligation is discharged. 616: "Accord and satisfaction is the purchase of a release from an obligation arising under contract or tort by means of any valuable consideration, not being the actual performance of the obligation itself. The definition cited by lawyers is usually that found in British Russian Gazette and Trade Outlook Ltd. Acceptance need not always be direct and can, in certain circumstances, be implied by conduct (see acquiescence below).ĪCCESSORY - One who knowingly and intentionally contributes to or aids in the commission of a crime, before or after, but not necessarily during, the commission of a crime.ĪCCOMPLICE - One who participates in the commission of a crime, other that the person actually doing that act constituting the crime.ĪCCORD AND SATISFACTION - A term of contract law by which one party, having complied with its obligation under a contract, accepts some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their obligation. The moment of acceptance is the moment from which a contract is said to exist, and not before. ![]() A contract is a legally binding agreement between two or more parties which starts with an offer from one person but which does not become a contract until the other party signifies an unequivocal willingness to accept the terms of that offer. This is a typical clause in a loan contract miss one payment and the agreement to pay at regular intervals is voided and the entire amount becomes due and payable immediately.ĪCCEPTANCE - One of three requisites to a valid contract under common law (the other two being an offer and consideration). For example, many countries will equally punish a person who aids or abets another to commit a crime.ĪBSTRACT OF CONVICTION - Summary of the court's findings on a moving violationĪBSTRACT OF RECORD - An abbreviated or partial record.ĪBSTRACT OF TITLE - A condensed history of the chain of title to land, used to determine or establish present ownership.ĪCCELERATION CLAUSE - A clause in a contract that states that if a payment is missed, or some other default occurs (such as the debtor becoming insolvent), then the contract is fully due immediately. See also "kidnapping."ĪBET - The act of encouraging or inciting another to do a certain thing, such as a crime. Debts are paid before gifts made in wills are distributed and where a specific gift has to be sold to pay off a debt, it is said to "abate" (compare with "ademption").ĪBBACINARE - A barbaric form of corporal punishment meted out in the middle ages where persons would be permanently blinded by the pressing of hot irons to the open eyes.ĪBDUCTION - To take someone away from a place without that person's consent or by fraud. In estate law, the word may refer more specifically to a situation where property identified in a will cannot be given to the beneficiary because it had to be sold to pay off the deceased debts. For example, a landlord might grant an abatement in rent. N - O - P - Q - R - S - T - U - V - W - X - Y - ZĪBATEMENT- A reduction in some amount that is owed, usually granted by the person to whom the debt is owed. A - B - C - D - E - F - G - H - I - J - K - L - M
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