Form of the General Acceptance

Of the various subdivisions of the law of commercial paper, the form of the acceptance is one that in a way has had the most diversified history. Furthermore, from its very nature, and from the fact that the law merchant was very seldom touched by statute, and from the fact that the common law attached no particular significance toa writing (except as to writings under seal and as to writings required by the Statute of Frauds), the form of the acceptance was possible of a rather elaborate analysis.