The relationship is that once the acceptor of a commercial acceptance bill is accepted, the payer becomes the acceptor, becomes the debtor of the bill, and begins to assume the obligations of the bill.

When a bill of exchange is not accepted, the drawee is not the debtor on the bill of exchange and has no obligation to pay the bill. At this time, he will not bear any liability in negotiable instruments law because he refuses to pay, that is, the payer of the bill is the related person on the bill, not the debtor, and does not bear the obligations in negotiable instruments law.

However, once the bill is accepted, the payer becomes the acceptor of the bill, becomes the debtor of the bill, and begins to assume the obligations of the bill. The acceptor's bill liability is caused by his own expression of will. Once the payer signs the bill, it means that the payer is willing to accept the meaning contained in the bill and bear the responsibility of the bill.

Extended data

Commercial acceptance bills are characterized by:

1. The payment term of commercial acceptance bills shall not exceed 6 months for paper bills and 12 months for electronic bills.

2. The time limit for presentment payment of a commercial acceptance bill is 10 day from the maturity date of the bill.

3. Commercial acceptance bills can be transferred by endorsement.

4. When the holder of a commercial acceptance bill needs funds, he can apply to the bank for discount with the unexpired commercial acceptance bill.

5. Applicable to settlement in the same city or in different places.

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