15:54
did your contacts class teach you any bridge troll riddles?
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LSDefine
Simple English definitions for legal terms
special acceptance
Read a random definition: informal issue
A quick definition of special acceptance:
Special acceptance is when someone agrees to the terms of an offer in a way that is different from what was originally proposed. For example, if someone accepts a bill of exchange as payable in a specific place, even though the bill does not mention this requirement, it is considered a special acceptance. This type of acceptance can create a binding contract, but it may also operate as a counteroffer if it modifies the original terms of the offer.A more thorough explanation:
Definition: Special acceptance is a type of acceptance that deviates from the terms of a bill or the terms added to it. It is an acceptance that departs from the usual terms of a bill.
Example: An example of special acceptance is when a draft is accepted as payable in a specific place, even though the draft does not contain such a limitation.
This means that the acceptor has agreed to pay the draft in a way that is different from what was originally agreed upon. This type of acceptance is not common and is usually done to accommodate the needs of the parties involved.