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Accommodation of Bill

Acceptance wi...

Question

Acceptance without making any change in terms of bill.

A

General acceptance

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B

Qualified Acceptance

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C

Special Acceptance

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D

Invalid acceptance

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Solution

The correct option is A General acceptance
After Drafting the Bill it is sent for Acceptance to the Drawee.
if Drawee Accepts the bill without making any change with respect to Place, Amount, Period . It is called General Acceptance.

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Acceptance without making any change in the terms of a bill is called general acceptance.

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Acceptance without making any change in the terms of a bill.

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