Acceptance: Difference between revisions
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imported>Doug Williamson m (Spacing.) |
imported>Doug Williamson m (Category added 8/10/13 and spacing) |
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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. | 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''. | |||
2. ''Law''. | |||
One of the essential requirements for the formation of a contract. | One of the essential requirements for the formation of a contract. | ||
Another essential requirement being an offer. | Another essential requirement being an offer. | ||
== See also == | == See also == | ||
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* [[Credit]] | * [[Credit]] | ||
* [[Offer]] | * [[Offer]] | ||
[[Category:Regulation_and_Law]] | |||
Revision as of 09:40, 8 October 2013
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. Another essential requirement being an offer.
