Acceptor
Defined in 7 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910), Kinney (1893), Black's (1891), Stimson (1881), Bouvier (1839)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The party who accepts a bill of exchange. 3 Kent, Comm. 75. The party who undertakes to pay a bill of exchange in the first instance.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
One who accepts a bill of exchange. 3 Kent 75. The party who undertakes to pay a bill of exchange in the first instance. The drawee is in general the acceptor; and unless the drawee accepts, the bill is dishonored. The acceptor of a bill is the principal debtor, and the drawer the surety. He is bound, though he accepted without consideration and for the sole accommodation of the drawer. By his acceptance he admits the drawer's handwriting; for before acceptance it was incumbent upon him to inquire into the genuineness of the drawer's handwriting; 3 Kent 75; 3 Burr. 1354; 1 W. Bla. 390; Levy v. Bank, 4 Dall. (U. S.) 234, 1 L. Ed. 814. The drawee by acceptance only vouches for the genuineness of the signature of the drawer and not of the body of the instrument; White v. Bank, 64 N. Y. 316, 21 Am. Rep. 612; Young & Son v. Lehman, Durr & Co., 63 Ala. 519. See Acceptance.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Law Dictionary and Glossary
George C. Kinney · 1893
A person who accepts a bill of exchange, v. 4-cceptaiio.
A Dictionary of Law
Henry Campbell Black · 1891
The person who accepts a bill of exchange, (generally the drawee,) or who engages to be primarily responsible for its payment.
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
Frederic Jesup Stimson · 1881
v. JSill, III. 4. abilL
A Law Dictionary, Adapted to the Constitution and Laws of the United States
John Bouvier · 1839
contracts. The person who agrees to pay a bill of exchange drawn upon him. The acceptor of a bill is the principal debtor, and the drawer the surety. He is bound, though he accepted without consideration, and for the sole accommodation of the drawer. By his acceptance he admits the drawer's handwriting, for before acceptance it was incumbent upon him to inquire into the genuineness of the drawer's handwriting. 3 Burr. 1354; 1 Bla. Rep. 390, S. C.; 4 Dall. 234; 1 Binn. 27, S. C. When once made the obligation of the acceptor is irrevocable. As to what amounts to an acceptance, see ante Acceptance; Chitty on Bills, 242, et seq.; 3 Kent, Com. 55, 6; Pothier, Traite du Contrat de Change, premiere part. n. 44. The liability of the acceptor cannot in general be released or discharged, otherwise than by payment or by express release or waiver, or by the act of limitations. Dougl. R. 247. What amounts to a waiver and discharge of the acceptor's liability, must depend on the circumstances of each particular case. Dougl. 236, 248; Bayl. on Bills, 90; Chitty on Bills, 249.