implied acceptance

implied acceptance

An acceptance implied by a drawee whose actions indicate an intention to comply with the request of the drawer; conduct by the drawee from which the holder is justified in concluding that the drawee intends to accept the instrument. [Cases: Bills and Notes 70. C.J.S. Bills and Notes; Letters of Credit ¡ì 21.]
TermBase Contributor
Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.