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ACCOMMODATION PAPER

by Law Professor

An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it, and is to provide for the bill when due. Miller v. Larned, 103 111. 562; Jefferson County v. Burlington & M. R, Co., 66 Iowa, … [Read more...] about ACCOMMODATION PAPER

ACCELERATED DEPRECIATION

by Law Professor

An accounting term, a business method to reduce the value of an asset more rapidly by taking greater deductions for depreciation up front and less in the latter years. This is as opposed to the straight line method of depreciation where the amount of asset depreciation remains the same each year over the useful life of the asset. … [Read more...] about ACCELERATED DEPRECIATION

ACCESS

by Law Professor

Approach; or the means, power, or opportunity of approaching Sometimes importing the occurrence of sexual intercourse ; otherwise as importing opportunity of communication for that purpose as between husband and wife. In real property law, the term "access" denotes the right vested in the owner of land which adjoins a road or other highway to go and return from his own land to … [Read more...] about ACCESS

ACCIDENT

by Law Professor

An unforeseen event, occurring without the will or design of the person whose mere act causes it; an unexpected, unusual, or undesigned occurrence; the effect of an unknown cause, or, the cause being known, an unprecedented consequence of it; a casualty. Burkhard v. Travelers' Ins. Co., 102 Pa. 262, 48 Am. Rep. 205; iEtna L. Ins. Co. v. Vandecar, 86 Fed. 282, 30 C. C. A. 48; … [Read more...] about ACCIDENT

ACCOMMODATION WORKS

by Law Professor

Works which a railway company is required to make and maintain for the accommodation of the owners or occupiers of land adjoining the railway; e.g., gates, bridges, culverts, fences, etc 8 Vict c. 20, … [Read more...] about ACCOMMODATION WORKS

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