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Understanding Acceptance in Bills of Exchange by Rebecca Tatad is a document available to read on EtoBox.
What is Understanding Acceptance in Bills of Exchange about?
The document discusses acceptance of bills and notes. It defines acceptance as consent to an order, in writing and signed, without specifying payment by other means than money. A bill does not operate as an assignment of funds, and the drawee is not liable without acceptance. However, there are exceptions for equitable assignment based on cases like Mandeville v. Welch and Brill v. Tuttle where intent and previous transfer were found to create equitable assignment and protect the transfer against later levi
- Author
- Rebecca Tatad
- Language
- EN