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LSDefine

Simple English definitions for legal terms

blank acceptance

Read a random definition: communication

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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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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