Appendix A
Glossary
acceptance Unqualified assent by the grantee to accept the delivery of the deed; receiving something from another with intent to keep it.
acceptor With negotiable instruments, drawee becomes this when he or she indicates a willingness to pay the draft.
accommodation party Party who has no original duty under the note but signs to guarantee payment.
acquisition A larger company taking over a smaller one.
agency Relationship between a principal (the person or firm that utilizes an agent) and an agent (the person or firm authorized to act on behalf of the principal with third parties).
agency by appointment Principal expressly authorizes the agent to act in a specific manner for the principal.
agency by conduct Develops when ...

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