Final answer:
Accepting a draft requires the drawee to sign across the face of the draft, signaling their agreement to pay the stated amount when due.
Step-by-step explanation:
To accept a draft, the drawee has to sign the draft across the face of the instrument. This is typically done to acknowledge the drawee's agreement to pay the amount stated on the draft when it becomes due. The acceptance must be written on the draft itself, not on a separate piece of paper. The accepted draft becomes a binding obligation, and the drawee essentially becomes the acceptor, signaling their commitment to fulfill the financial duty outlined in the draft.
To accept a draft, the drawee needs to write "accepted" behind the instrument and sign the bank's record. This signifies the drawee's commitment to pay the amount specified in the draft. Signing the draft across the face of the instrument, writing "accepted" on a separate piece of paper, or signing on a separate piece of paper affixed to the draft are not sufficient to accept the draft.
For example, if someone presents a draft to a bank for payment, the bank would typically require the drawee to write "accepted" behind the instrument, sign their acceptance, and record these details in the bank's system as evidence of the draft being accepted.