acceptance of check

acceptance of check
The certification of a check. The purpose and effect of procuring a check to be accepted or certified by the bank on which it is drawn is to impart strength and credit to the paper by obtaining an acknowledgment from the bank that the drawer has funds therein sufficient to cover the check, and securing the engagement of the bank that the check will be paid upon presentation. 10 Am J2d Banks § 578. Any act on the part of the bank upon which a check is drawn which demonstrates an intention to become bound for payment will constitute an acceptance. It is nor essential that the acceptance be Written Upon the check itself. A drawee bank makes itself liable by a contract of acceptance extrinsic to the check itself whenever the plain import of the language used is that of a contract of acceptance. 10 Am J2d Banks § 581.

Ballentine's law dictionary. . 1998.

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