Asked by Alexandra Ivars on Apr 25, 2024

To accept a draft,the drawee:

A) need only sign the draft across the face of the instrument.
B) needs to write "accepted" on a separate piece of paper.
C) need only sign on a separate piece of paper affixed to the draft.
D) needs to write "accepted" behind the instrument and sign the bank's record.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money as outlined in a draft or check.

Draft

A preliminary version of a document or plan that is subject to revision.

Accept

To agree to receive or undertake something offered.

  • Understand the legal requirements and implications of accepting drafts.