Acceptance: Difference between revisions

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n.) An agreeing to the action of another, by some act which binds the person in law.
n.) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.

Revision as of 15:33, 21 May 2024

n.) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.