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Free Books / Finance / Canadian Banking Practice / | ![]() |
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Special Request To Drawee Of A Bill. Effect On Acceptance |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 10. - A bill of exchange is drawn bearing the crossing, "Accept all drafts. Any errors will be rectified at office." Is this an unconditional bill, and does the crossing affect in any way the rights of third parties?
Answer. - We do not think that the crossing affects anybody but the drawer and acceptor. It is an independent undertaking of some kind on the part of the drawer towards the acceptor, but the acceptance would be unconditional.
 
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