Acceptance may be in writing on the bill itself or on another paper, and
it seems that the holder may insist on having ? written acceptance, and in
default thereof may consider the bill as dishonest. It may be made before
the bill is drawn, in which case it must be in writing ; it may be made after
the bill is drawn and before it becomes due, which is the usual course, or after
it becomes due, or even after a previous refusal to accept.
Acceptance must be made within twenty-four hours after presentment,
or the holder may treat the bill as dishonored. Upon refusal to accept, the
bill is at once dishonored, and should be protested.
The usual form of acceptance is by writing "accepted" across the face
of the bill and signing the acceptor's name ; but the drawee's name alone is
sufficient, or any word of equivalent force to accepted.
A parol promise, upon sufficient consideration, to accept a bill of
exchange, binds the acceptor.
ACCOMMODATION. — Temporary pecuniary aid given by one
trader to another or by a banker to his customers. The loan of money or
value without consideration.
ACCOMMODATION NOTE.— A term used to describe that class of
bills of exchange which represents no actual exchange of real value. Notes
or bills drawn for discount without relation to any actual sale of goods or
indebtedness. A note given without consideration for the purpose of



raising money by discounting, or obtaining loans, on the security of the-
endorser or endorsers, or for mutual accommodation.
