Acceptance: Difference between revisions
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imported>Doug Williamson (Spacing) |
imported>Doug Williamson (Make scope English law only.) |
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2. ''Law''. | 2. ''Law''. | ||
One of the essential requirements for the formation of a contract. | One of the essential requirements for the formation of a contract under English law. | ||
Another essential requirement being an offer. | Another essential requirement being an offer. | ||
Revision as of 15:19, 11 March 2015
1.
A bill of exchange which has been 'accepted' by a high quality credit - usually a bank - effectively guaranteeing payment and thereby enhancing the credit quality of the bill.
2. Law.
One of the essential requirements for the formation of a contract under English law.
Another essential requirement being an offer.
