Basic physics. If you brake harshly mid turn, you'll upset the balance of the car shifting the weight to the front and causing the back to slide. This can also happen if you're committed to a corner at speed and suddenly lift off the accelerator in a phenomenon known as lift off oversteer.  Modern ABS and ESP systems can help with these problems but personally, I think they cause as many problems as they solve. People don't learn to drive properly, they rely on the car to balance itself out and push way beyond their limits. Put drivers like this in an old car with no aids and they will spin out on the first lap of a track. The correct way is to brake before you reach the corner, turn in, hit the apex and mash the accelerator as soon as you see your exit point.  Lift off oversteer in a FWD car is fun when you get the hang of it and you can sometimes put the RWD guys to shame.  

Guyz, I'm driving Accord from last 6 years, i got some small small issues but i fixed it in time, thats actually the requirement of any vehicle that you driving. 
If you make a rapid turn specially in Accord then don't press sudden breaks, just release the accelerator otherwise if you hit breaks then its a chance that your Accord may skird and loose control in no time.

Thanks a lot guys, you all here are really knowledgable and god send for me. I check this point with several colleagues and friends and no one gave me clear cut answer. My common sense logic was going in line with your replies but heart was scared to stretch. Now I can do that comfortably and will change oil after 8-10 months but much before 1 year. I do use car once a week for grocery run, so I guess im good there

Service centres are scammers. Here is a thread on the issue,   Much better to find an independent garage who knows what they're doing and knows how to follow manufacturers service schedules. If someone tells you an oil is good for 3k or 6k or whatever they're full of shit and most likely putting in the wrong oil which will decrease your engines life. In the U.K. I was doing standard oil changes on some cars at 10,000 miles which is 16,000 kilometres and had no issues. Some brands such as VW and BMW spec oil at twice those distances. Do your research, know what oil your car needs and when it needs changed. Don't trust these capitalist monkeys. 

They want your money. There is no need to change the oil if it has not reached the end of its service life, which is usually 10 000 km, or sometimes more. Check your manual for details.   However, it is a good idea to just start the engine once a week or so to keep the engine lubricated, but I wont keep the oil in the engine for longer than about two years, even if it had not done its allowable mileage. 

Is there any lifespan of engine oil if I am not using the car that much? Service advisor advice that it's 5k - 10K (based on oil) or 6 months whichever comes early, is this 6 months clause is legit or just an excuse for frequent servicing? please advice, thanks in advance.