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Allison Poynter
on Dec 20, 2024

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An acceptor should always indicate on the instrument the amount accepted.

Acceptor

In the context of banking, the party who agrees to pay a bill of exchange upon its presentation, typically the drawee who becomes liable for payment.

Instrument

A legal document formally documenting a transaction or establishing a legal right or obligation.

  • Understand the importance of specific endorsements and the liability they entail.
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Evelina HranovskaDec 24, 2024
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