The voluntary act of receiving something or agreeing to certain terms in various contexts such as banking, contract law, and real property law.
A bill of exchange is an unconditional written order directed from one person (the drawer) to another (the drawee), mandating the drawee to pay a specified sum of money either on demand or at a future date. This financial instrument is both transferable and negotiable, enabling enforceable monetary transactions.
A contract is a legally binding agreement that arises from an offer and acceptance, meeting certain legal criteria and compliance for enforceability.
