ACCOMENDA

Legal Dictionary -> ACCOMENDA

ACCOMENDA


ACCOMENDA, mar. law. In Italy, is a contract which takes place when an individual entrusts personal property with the master of a vessel, to besold for their joint account. In such case, two contracts take place;first, the contract called mandatum, by which the owner of the propertygives the master power to dispose of it, and the contract of partnership, invirtue of which, the profits are to be divided between them. One party runsthe risk of losing his capital, the other his labor. If the sale producesno more than first cost, the owner takes all the proceeds; it is only theprofits which are to be divided. Emer. on Mar. Loans, B. 5.

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