It is a partial or conditional assent to an offer in contract law, which alters the original terms of a bill of exchange (time, event, amount, place, etc.) as drawn. It can be treated as dishonour by the bill owner by non-acceptance.
It is a partial or conditional assent to an offer in contract law, which alters the original terms of a bill of exchange (time, event, amount, place, etc.) as drawn. It can be treated as dishonour by the bill owner by non-acceptance.