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LSDefine

Simple English definitions for legal terms

blank acceptance

Read a random definition: privy verdict

A quick definition of blank acceptance:

Acceptance is when someone agrees to the terms of an offer, either by saying yes or by doing something that shows they agree. If they change the terms, it's called a counteroffer. Acceptance can also refer to a buyer agreeing to take goods they bought, or to someone agreeing to pay a bill. There are different types of acceptance, like express acceptance (saying yes out loud or in writing) and implied acceptance (doing something that shows you agree).

A more thorough explanation:

Blank acceptance is a type of acceptance in which the drawee signs a bill of exchange before it is made. This is indicated by the drawee's signature on the instrument.

For example, if a company sends a bill of exchange to another company, and the second company signs it before it is filled out, that is a blank acceptance. This type of acceptance is not common and is generally not recommended because it can lead to confusion and disputes.

Blank acceptance is different from other types of acceptance, such as express acceptance, which is a written or oral expression indicating that the drawee has seen the instrument and does not dispute its sufficiency. Another type is implied acceptance, which is an acceptance implied by a drawee whose actions indicate an intention to comply with the request of the drawer.

Overall, blank acceptance is not a common practice and can lead to confusion and disputes. It is important to carefully review and fill out any bills of exchange before signing them to avoid any misunderstandings.

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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