Difference between revisions of "Acceptance"

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1. ''Bill of exchange.''
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1. ''Bills of exchange.''
  
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.
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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.
  
  
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3. ''Law''.  
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3. ''Law - contract''.  
 
   
 
   
One of the essential requirements for the formation of a contract under English law.   
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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.
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* [[Banker's acceptance]]
 
* [[Banker's acceptance]]
 
* [[Bill of exchange]]
 
* [[Bill of exchange]]
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* [[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.


See also