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LSDefine

Simple English definitions for legal terms

acceptance supra protest

Read a random definition: confiscation

A quick definition of acceptance supra protest:

Acceptance is when someone agrees to the terms of an offer, either by saying yes or by doing something that shows they agree. This creates a binding contract. If someone changes the terms of the offer, it becomes a counteroffer. Acceptance can also refer to a buyer agreeing to take goods in a sale, or to someone agreeing to pay a negotiable instrument like a bill of exchange. There are different types of acceptance, like express acceptance (written or spoken), implied acceptance (shown through actions), and conditional acceptance (agreement to pay based on a specific event). Acceptance for honor is when someone else agrees to pay a debt to protect the honor or credit of someone else.

A more thorough explanation:

Definition: Acceptance supra protest is a type of acceptance for honor. It is an acceptance or undertaking made by a third party, not a party to the instrument, to protect the honor or credit of one of the parties. The third party agrees to pay the debt when it becomes due if the original drawee does not. This type of acceptance inures to the benefit of all successors to the party for whose benefit it is made.

Example: A bill of exchange has been dishonored by non-acceptance and is not overdue. With the consent of the holder, the bill may be accepted for the honor of either the drawer or an indorser by a friend placing his own name upon it as acceptor for the whole or part only of the amount of the bill. After a protest has been drawn up declaratory of its dishonor by the drawee, the bill can be accepted for honor supra protest.

Explanation: In this example, the third party accepts the bill for the honor of the drawer or indorser to prevent the bill from being sent back upon them as unpaid. This type of acceptance is an exception to the rule that only the drawee can accept a bill. It is called acceptance supra protest because it is made after a protest has been drawn up declaratory of its dishonor by the drawee.

acceptance sampling | acceptance testing

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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