The Law Dictionary

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PRINCIPAL AND ACCESSORY Definition & Legal Meaning

Definition & Citations:

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


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