Who is an acceptor in commercial law?
An acceptor is a person or entity that agrees to be responsible for the payment or performance of a negotiable instrument. This means that they are legally obligated to fulfill the terms of the instrument. When a business accepts a check as payment for goods or services, they become the acceptor of the check.
An acceptor is a person or entity that agrees to be responsible for the payment or performance of a negotiable instrument. This means that they are legally obligated to fulfill the terms of the instrument. When a business accepts a check as payment for goods or services, they become the acceptor of the check.
