There are three or four indorsers upon it and I take it to the drawee to have him accept.
After a drawee has accepted a draft, he is bound by its terms.
Drafts payable at sight, or after sight, must be presented to the drawee for acceptance.
It seems to follow from this peculiarity, that the drawee must have been regularly advised by the drawer.
The person to whom a draft is directed is called the drawee or acceptor.
It sometimes allows the drawee to take possession of the bill of lading and change the routing of the car.
The four forms are so printed that the date, name of the bank, amount, and name and address of the drawee register perfectly.
Drawer—The person by whom the draft is made; the one who requested the payment of money by the drawee.
An acceptance must be in writing and must be signed by the drawee.
And if the note is addressed to a drawee he must be named or indicated with reasonable certainty.