...1919. ACCEPTANCES Rulings of the Federal Reserve Board A trade acceptance containing the statement that "the», obligation of the acceptor hereof arises out of the purchase of goods from the drawer as per invoices, a record of which is given in the subjoined statement," is a valid and desirable acceptance...

...No. 191. Thirty 1 [date Sixty [ days after < pay to the order of ourselves Ninety J [sight Dollars. The obligation of the acceptor hereof arises out of the purchase of goods from the drawer. To FORK NO. 2. No. 191.. 9 after pay to the order of .Dollars. The obligation of the acceptor hereof...

...and sale of goods. (To cover this requirement the form should bear some such clause as the following: "The obligation of the acceptor hereof arises out of the purchase of goods from the drawer."). — Cooyright, 1919, JT Holdsworth. In order to preserve the negotiability of the instrument where...

...And if the acceptance bears, as it should, the clause prescribed by the Federal Reserve Bank Board, 'The obligation of the acceptor hereof arises out of the purchase of goods from the drawer," it is prime commercial paper which the dealer's banker will accept with alacrity, for he can rediscount...

...certificate affixed by the acceptor or drawer showing that it is a Trade Acceptance." (This usually reads: "The obligation of the acceptor hereof arises out of the purchase of , goods from the drawer.") The Trade Acceptance must be endorsed by a member bank, Or a satisfactory statement of the financial condition...

...acceptor; and bears also the following statement, which identifies the bill as being a trade acceptance : "The obligation of the acceptor hereof arises out of the purchase of goods from the drawer. The acceptor may make this acceptance payable at any bank, banker or trust company in the United States...

...of Trade Acceptances The advantage of the trade acceptance as created and used in domestic commerce is shown by the following example: A firm in Boston...the face of it, "Accepted Payable at Bank, Boston." If the seller requires the money represented by this acceptance he may take the accepted draft to his...

...indebted to the drawer. TRADE ACCEPTANCE «, 130 .t Pay to the c S3 S..Dollars, (f .>:.&./ .y£"e. l The obligation of the acceptor hereof arises out of the purchase of goods from the drawer. The drawee may accept this bill payable at any banlt, banker or trust company in the United States which...

...to pay on a day certain. If the acceptance bears the clause prescribed by the Federal Reserve Board, "The obligation of the acceptor hereof arises out of the purchase of goods from the drawer," it is prime commercial paper rediscountable ' \ at Federal Reserve banks at a lower rate than other...

...at Notary Public. I No. Trade acceptance 19....$ .after pay to the order of OURSELVES . . Dollars. The obligation of the acceptor hereof arises out of the purchase of goods from the drawer, maturity being in conformity with original terms of purchase. To ".. Due. .19. u o to . Q Ill Lease...