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ACCOUNTABLE

by Law Professor

A party that is held liable, responsible or to be charge. A negligent driver may be held accountable for a car accident. Law Dictionary - Alternative Legal Definition Subject to pay; responsible; liable. Where one indorsed a note "A. C. accountable," it was held that, under this form of indorsement, he haci waived demand and notice. Furber v. Cav erly, 42 N. H. 74. … [Read more...] about ACCOUNTABLE

ACCREDIT

by Law Professor

In international law. (1) To receive as an envoy In his public character, and give him credit and rank accordingly. Burke. (2) To send with credentials as ,an envoy. Law Dictionary - Alternative Legal Definition international law. The act by which a diplomatic agent is acknowledged by the government near which he is sent. This at once makes his public character known, and … [Read more...] about ACCREDIT

ACCORD AND SATISFACTION

by Law Professor

Also see accord. An agreement of a contract dispute where the creditor accepts a lesser amount of money owed by a debtor completely in satisfaction of all obligations of the debtor as if the entire amount or value was provided under the agreement. Frequently used by creditors to limit losses and recover some amount, even greatly reduced, from a troubled debtor. Law Dictionary - … [Read more...] about ACCORD AND SATISFACTION

ACCOUNTABLE RECEIPT

by Law Professor

An instrument acknowledging the receipt of money or personal property, coupled with an obligation to account for or pay or deliver the whole or some part of it to some person. State v. Riebe, 27 Minn. 315, 7 N. W. 262. … [Read more...] about ACCOUNTABLE RECEIPT

ACCREDITED

by Law Professor

Certified, licensed or generally recognized, e.g. an accredited law school. … [Read more...] about ACCREDITED

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