All of the following are essentials of a valid acceptance of an instrument, except ____________.

must be conditional

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singed by drawee or his agent

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accepted must appear on the holder

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None of the above

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Solution

The correct option is B must be conditional
Essentials of valid acceptance of a negotiable instrument are :
1. It must be in writing.
2. It must be duly signed.
3. It must be made by the drawee only or his agent.
4. It must be absolute and unconditional.

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All of the following are essentials of a valid acceptance of an instrument, except ____________.

The correct option is B must be conditionalEssentials of valid acceptance of a negotiable instrument are :1. It must be in writing.2. It must be duly signed.3. It must be made by the drawee only or his agent.4. It must be absolute and unconditional.

The correct option is B must be conditional
Essentials of valid acceptance of a negotiable instrument are :
1. It must be in writing.
2. It must be duly signed.
3. It must be made by the drawee only or his agent.
4. It must be absolute and unconditional.