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Direction: Answer the following questions in your own words. 1. What are the requisites for acceptance? 2. What are the liabilities of an acceptor? 3.

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Direction: Answer the following questions in your own words. 1. What are the requisites for acceptance? 2. What are the liabilities of an acceptor? 3. To whom the drawer is secondarily liable? 4. What is the time allowed for a drawee to make the acceptance

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