Which of the following abbreviations permit the drawer of a document to correct any errors therein?
Answer Details
The abbreviation that permits the drawer of a document to correct any errors therein is "E.O.E" which means "Errors and Omissions Excepted". When E.O.E is written on a document, it indicates that any mistakes or omissions made on the document can be corrected without invalidating the entire document. This helps to protect both the issuer and receiver of the document from unnecessary complications and legal issues. For example, if a sales invoice contains a minor error, such as a wrong quantity or price, the E.O.E clause will allow the seller to make the correction without having to cancel and re-issue the entire invoice.