- Accommodation (law)
Accommodation is a term used in
United States contract lawunder the Uniform Commercial Codeto describes a delivery of nonconforming goods meant as a partial performanceof a contract for the sale of goods, where a full performance is not possible. The accommodation must be specified as such in a writing from the seller to the buyer. The buyer may choose to reject or accept the nonconforming goods, but cannot make a partial acceptance.
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Look at other dictionaries:
accommodation — I (adjustment) noun accordance, adaptation, agreement, arrangement, compositio, composition of differences, compromise, friendly agreement, harmonization, mutual understanding, obliging, provision, readjustment, reconciliatio, rectification,… … Law dictionary
accommodation paper — see paper Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accommodation paper … Law dictionary
accommodation party — see party 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accommodation party … Law dictionary
accommodation bill — a bill of exchange accepted by an accommodation party, that is, a person signing without receiving value and for the purpose of lending his name (and his credit) to someone else. An accommodation party is liable on the bill to a holder for value … Law dictionary
accommodation endorsement — The act of a third person the accommodation party in writing his or her name on the back of a commercial paper without any consideration, but merely to benefit the person to whom the paper is payable or to enable the person who made the document… … Law dictionary
accommodation note — n. A note signed by an accommodation maker. Also called accommodation paper. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
accommodation maker — >> accommodation party. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 … Law dictionary
accommodation loan — n. A loan given without any consideration or security out of friendship or the lender’s desire to aid the borrower. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
accommodation party (maker) — n. A person who signs his or her name to a note or commercial paper to lend credit to another signer, the accommodated party, without consideration and thereby assuming liability for the debt; a cosigner or surety. The Essential Law Dictionary.… … Law dictionary
Accommodation — may refer to:*Accommodation (in British usage) or accommodations (in American usage) is lodging in a dwelling or similar living quarters afforded to travellers in hotels or on cruise ships, or prisoners, etc. * Accommodation (religion), a… … Wikipedia