1. The drawee refusing acceptance must produce a certificate of dishonor by nonacceptance.

2. Draw a specimen cheque, complete it and name the payee, drawer and drawee.

3. There are three parties to a money order : the remitter ( payer ), the payee and drawee.

4. The bill of exchange will generally have three parties: the drawor, the drawee and the Acceptor.

5. A distinction is drawn between various kinds of acceptance: simple and full acceptance, partial acceptance (drawee only undertakes to pay part of the amount stated in the bill of exchange) and acceptance guarantee (additional guarantee by a third party).