Acceptance: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Layout.) |
imported>Doug Williamson (Update first definition.) |
||
| Line 1: | Line 1: | ||
1. '' | 1. ''Bills of exchange.'' | ||
An acceptance is 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. | |||
| Line 9: | Line 9: | ||
3. ''Law''. | 3. ''Law - contract''. | ||
Acceptance is 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. | ||
| Line 19: | Line 19: | ||
* [[Banker's acceptance]] | * [[Banker's acceptance]] | ||
* [[Bill of exchange]] | * [[Bill of exchange]] | ||
* [[Contract]] | |||
* [[Credit]] | * [[Credit]] | ||
* [[Offer]] | * [[Offer]] | ||
Revision as of 20:12, 26 March 2021
1. Bills of exchange.
An acceptance is 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. Trade finance.
A trade acceptance.
3. Law - contract.
Acceptance is one of the essential requirements for the formation of a contract under English law.
Another essential requirement being an offer.
