"Drawee" Quotes from Famous Books
 ... law not recognizing an acceptance in which the promise is to pay in some other way, e.g. partly in money and partly by another bill. Acceptance may be either general or qualified. A general acceptance is an engagement to pay the bill strictly according to its tenor, and is made by the drawee subscribing his name, with or without the word "accepted,'' at the bottom of the bill, or across the face of it. Qualified acceptance may be a promise to pay on a contingency occurring, e.g. on the sale of certain goods consigned by the drawer to ...
— Project Gutenberg Encyclopedia |
