conditional acceptance

conditional acceptance
An acceptance of a bill of exchange containing some qualification, limitation, or condition, different from what is expressed on the face of the bill, or from what the law implies, upon a general acceptance. Todd v Bank of Kentucky, 66 Ky (3 Bush) 626, 628. It would appear, however, that a bill of exchange is dishonored by a conditional acceptance, since an acceptance is the drawee's engagement to honor the bill of exchange as presented to him. 11 Am J2d B & N § 500.

Ballentine's law dictionary. . 1998.

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  • conditional acceptance — An engagement to pay the draft or accept the offer on the happening of a condition. A conditional acceptance is in effect a statement that the offeree is willing to enter into a bargain differing in some respects from that proposed in the… …   Black's law dictionary

  • conditional acceptance — An engagement to pay the draft or accept the offer on the happening of a condition. A conditional acceptance is in effect a statement that the offeree is willing to enter into a bargain differing in some respects from that proposed in the… …   Black's law dictionary

  • acceptance — I noun accedence, acceptio, accession, accordance, acknowledgment, acquiescence, adoption, agreement, allowance, approbation, approval, assent, assurance, compliance, comprobatio, concordance, consent, endorsement, ratification, receipt,… …   Law dictionary

  • conditional — I adjective alterable, changeable, conditioned, containing stipulations, contingent on, dependent on, depending on, depending on a future event, determined by, equivocal, granted on certain terms, hypothetical, imposing a condition, indefinite,… …   Law dictionary

  • conditional — con‧di‧tion‧al [kənˈdɪʆnəl] adjective if an offer, agreement etc is conditional, it will only be done if something else happens: conditional on/​upon • The sale of the company is conditional upon approval by the shareholders. • a conditional… …   Financial and business terms

  • acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

  • acceptance — The taking and receiving of anything in good part, and as it were a tacit agreement to a preceding act, which might have been defeated or avoided if such acceptance had not been made. The act of a person to whom a thing is offered or tendered by… …   Black's law dictionary

  • conditional — That which is dependent upon or granted subject to a condition. As to conditional acceptance conditional appearance conditional bequest conditional contract conditional delivery conditional devise conditional fee …   Black's law dictionary

  • conditional — That which is dependent upon or granted subject to a condition. As to conditional acceptance conditional appearance conditional bequest conditional contract conditional delivery conditional devise conditional fee …   Black's law dictionary

  • conditional — con|di|tion|al1 [kənˈdıʃənəl] adj 1.) if an offer, agreement etc is conditional, it will only be done if something else happens first ≠ ↑unconditional ▪ a conditional acceptance conditional on/upon ▪ His agreement to buy our house was conditional …   Dictionary of contemporary English

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