Accept
To agree to an offer or to take something as given. In contract law, acceptance of an offer is a manifestation of assent to its terms in a manner invited or required by the offer (Restatement (Second) of Contracts § 50). For negotiable instruments, acceptance is the drawee’s signed agreement to pay a draft as presented (UCC § 3-409). We have not found a court decision holding that writing “accepted for value” on a bill or court paper pays or discharges a debt.
