It is not a direct promise to pay; but it is an undertaking, by the drawer, that the drawee shall accept and pay; and the drawer is answerable only when the drawee fails to pay. From Wordnik.com. [The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.] Reference
No precise time is fixed by law at which bills payable at sight or a certain number of days after sight, must be presented to the drawee for acceptance; though an unreasonable delay might discharge the drawer. From Wordnik.com. [The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.] Reference
This so-called "truncation" of the collection process calls for a redefinition of the duties incumbent on the holder and collecting and drawee banks and have been specifically addressed in the proposed legislation. From Wordnik.com. [ANC Daily News Briefing] Reference
Braudel, p. 368, distinguishes four possible handlers in a bill's life course, the purchaser, the drawer, the bearer, and the drawee who would accept the bill (or not, which might give rise to protests or a lawsuit). From Wordnik.com. [Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier] Reference
And if the drawee refuses to accept the bill, or absconds, or is incapa. From Wordnik.com. [The laws of trade and commerce, designed as a book of reference in mercantile transactions ..] Reference
Where the drawee is dead presentment may be made to his personal representative. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
The demand made and the answer given, if any, or the fact that the drawee or acceptor could not be found. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
High service charges that can devastate the drawee and erodes the saving achieved when you order checks online. From Wordnik.com. [xml's Blinklist.com] Reference
He lead got his exchange - the buyer had got his bill and the money, too, - and the drawee was fully protected!. From Wordnik.com. [The flush times of Alabama and Mississippi : a series of sketches,] Reference
Where the instrument is addressed to a drawee he must be named or otherwise indicated therein with reason - able Certainty. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
Where the drawee is dead, or has absconded, or is a fictitious person or a person not having capacity to con - tract by bill. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
A qualified acceptance is when the drawee undertakes to pay the bill in any other manner than according to the tenor and eliect thereof. From Wordnik.com. [The laws of trade and commerce, designed as a book of reference in mercantile transactions ..] Reference
` The question arising on such paper (checks) between drawee and drawer, however, always relate to what the one has authorized the other to do. From Wordnik.com. [Forty Centuries of Ink] Reference
Where the drawee has been adjudged a bankrupt or an insolvent, or has made an assignment for the benefit of creditors, presentment may be made to him or to his trustee or assignee. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
But he knew that it would mortify his mother exceedingly, to learn that he was repaying Mr. Beach's kindness by taxing his purse; and he intended to stop the draft from going to the drawee, by payment of it. From Wordnik.com. [Master William Mitten: or, A Youth of Brilliant Talents, Who Was Ruined by Bad Luck] Reference
The set of minimum security features not only ensure uniformity across all cheque forms issued by banks in the country, but also help in scrutinizing cheques of drawee banks in an image-based processing scenario. From Wordnik.com. [AMEinfo.com Latest News] Reference
In any prosecution under this section, the making or drawing, or uttering or delivery of a check, draft, or order, payment of which is refused by the drawee because of lack of funds or credit, shall be prima facie evidence of intent to defraud and of knowledge. From Wordnik.com. [The code of the city of Charlottesville, Virginia] Reference
A bill must be protested at the place where it is dishonored, except that when a bill drawn pay - able at the place of business or residence of some pcrson | other than the drawee has been dishonored by non-accept ance it must be protested for non-payment at the place! where it is expressed to be payable, and no further pre-1 sentment for payment to, or demand on, the drawee iai necessary. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
Or if, upon an offer of a conditional or par - tial acceptance by the drawee, the holder gives a general notice of non-acceptance, omitting to state sucli condi - tional or partial acceptance, the drawee will be released from all responsibility K In cases of accommodation-acceptances, it is advisable to have a written undertaking, or a counter - bill or note, from the drawer, in order to indemnity the acceptor. From Wordnik.com. [The laws of trade and commerce, designed as a book of reference in mercantile transactions ..] Reference
Thus, an acceptance by ihe drawee of a bill, to pay, "when goods. From Wordnik.com. [The laws of trade and commerce, designed as a book of reference in mercantile transactions ..] Reference
I am not the drawee described in the bill. '. From Wordnik.com. [Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 1] Reference
A payee who is not maker, drawer, or drawee; or. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
The drawee; or. From Wordnik.com. [Acts and resolves passed by the General Court] Reference
Doyle (Ann), add woman in, having regretfully left the juryboxers, protested cheerfully on the stand in a long jurymiad in re corset checks, delivered in doy-lish, that she had often, in supply to brusk demands rising almost to bollion point, discounted Mr Brakeforth’s first of all in ex-change at nine months from date without issue and, to be strictly literal, unbottled in corrubberation a current account of how she had been made at sight for services rendered the payee-drawee of unwashable blank assignations, sometimes pinkwilliams. From Wordnik.com. [Finnegans Wake] Reference
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