The relationship between the drawer and the drawee is entrusted, and the issuance of bills by the drawer does not mean that the drawee must pay. In order to make the bill payable at maturity, the holder must present it to the drawee for acceptance. The payer shall bear the legal responsibility for bill payment only after signing and accepting the bill.
Extended data:
Characteristics of acceptance
1. Participating in acceptance is a subsidiary bill. This kind of behavior, like acceptance, is based on the legal completion of the act of issuing tickets; The content of this behavior also includes three elements of behavior: the record on the bill, the signature and delivery of the bill.
2. Participation in acceptance is a bill act undertaken by the preparatory payer or a third party. According to the provisions of many countries' negotiable instruments law, in principle, the acceptor is the prepared payer designated by the drawer or endorser on the bill (this designated record will obviously strengthen the credit degree of the bill).
However, with the consent of the holder, it may also be another third party who has an interest in the debtor of the bill. This kind of flexible rule in the negotiable instrument law of various countries is to protect the credit of negotiable instruments and the rights and interests of the third party in society to the maximum extent.
3. Participating in acceptance is a bill behavior for the benefit of a specific debtor. Judging from the practice of negotiable instrument law in various countries, the purpose of participants' participation in acceptance is to prevent or prevent the exercise of recourse by means of prior relief and safeguard the reputation and credit interests of a certain bill debtor; It is different from bill guarantee aimed at protecting the interests of the debtor with recourse.
Baidu Encyclopedia-Acceptance