Accomenda

Defined in 7 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Kinney (1893), Black's (1891), Stimson (1881)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

A contract which takes place when an individual intrusts personal property with the master of a vessel, to be sold for their joint account. In such case, two contracts take place, — ^the contract called mandatum, by which the owner of the property gives the master power to dispose of it, and the contract of partnership, in virtue of which the profits are to be divided between them. One party runs the risk of losing his capital; the other his labor. If the sale produces no more than first cost, the owner takes all the proceeds; it is only the profits which are to be divided. Emerig. Mar. Loans, §.5.

Ballentine's Law Dictionary

James A. Ballentine · 1916

A contract by which a shipmaster agrees to sell goods of the shipper for their joint account.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

A contract which takes place when an individual intrusts personal property with the master of a vessel, to be sold for their joint account, In such case, two contracts take place: first, the contract called mandatum, by which the owner of the property gives the master power to dispose of it; and the contract of partnership, in virtue of which the profits are to be divided between them. One party runs the risk of losing his capital, the other his labor. If the sale produces no more than first cost, the owner takes all the proceeds: it is only the profits which are to be divided; Emerigon, Mar. Loans, s. 5.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

In maritime law. A contract between the owner of goods and the master of a ship, by which the former intrusts the property to the latter to be sold by him on their joint account. In such case, two contracts take place: First, the contract called mandatum, by which the owner of the property gives the master power to dispose of it; and the contract of partnership, in virtue of which the profits are to be divided between them. One party runs the risk of losing his capital; the other, his labor. If the sale produces no more than first cost, the owner takes all the proceeds. It is only the profits which are to be divided. Emerig. Mar. Loans. § 5.

A Law Dictionary and Glossary

George C. Kinney · 1893

ital. In maritime law. cargo and the master, under which count

A Dictionary of Law

Henry Campbell Black · 1891

In maritimes law. A eontract between the owner of goods and the master of a ship, by which the former intrusts the property te the latter to be sold by him on their joint account. In such case, two contracts take place: First, the contract called mandatum, by which the owner of the property gives the master to distween them. One party runs the risk of losing his capital; the other, his labor. If the sale produces no more than first cost, the owner takes all vhs proceeds. It is only the profits which are to be divided. Emerig. Mar, Loans, § 5.

Glossary of Technical Terms, Phrases, and Maxims of the Common Law

Frederic Jesup Stimson · 1881

ital. The and the master of a vessel, on joint account and share Accommodation paper. dorsed by one person for