Question

Acceptance without making any change in the terms of a bill is called general acceptance. (State True or False)

Answer 1

YESSM.....

IS A TRUE.....

A BILL OF EXCHANGE IS MAKE WITHOUT ANY CHANGES IS CALLED GENERAL ACCEPTANCE.

Answer 2

The given statement- Acceptance without making any change in the terms of a bill is called general acceptance is true.

* It is a situation in which the term 'accepted' is written followed by the signing of the bill by the drawee of the bill.

* This does not change the terms of the bill in original and is a type of unconditional acceptance by the drawee.