Singapore legislation

Section 19

of Bills of Exchange Act 1949

Section 19

General and qualified acceptances

(1)

An acceptance is either general or qualified.

(2)

A general acceptance assents without qualification to the order of the drawer.

(3)

A qualified acceptance in express terms varies the effect of the bill as drawn.

(4)

In particular, an acceptance is qualified which is —

(a)

conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment of a condition therein stated;

(b)

partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn;

(c)

local, that is to say, an acceptance to pay only at a particular specified place;

(d)

qualified as to time;

(e)

the acceptance of some one or more of the drawees, but not of all.

(5)

An acceptance to pay at a particular place is a general acceptance, unless it expressly states that the bill is to be paid there only, and not elsewhere.

Read in full context — Bills of Exchange Act 1949 →