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of <h1>Person acts 'on account' meaning for own sake, purpose, responsibility at personal risk and expense</h1> The phrase 'on account' has multiple legal meanings depending on context. Dictionary definitions indicate 'on one's own account' means acting for one's own sake, purpose, and responsibility at personal risk and expense. 'On account of' means because of, by reason of, or in consideration of something. In commercial law, 'account' refers to statements of financial transactions and business dealings between parties, including accounts payable. Legal lexicons define 'account for' as rendering an account of moneys and being responsible for them. These definitions establish the phrase's usage in legal contexts involving responsibility, causation, and financial accountability.
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