In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
17. Definition and requisites of acceptance
Feedback & support(1)
The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer.
acceptance
Defined · s 2
“acceptance” means an acceptance completed by delivery or notification;
(2)
An acceptance is invalid unless it complies with the following conditions, namely:
(a)
it must be written on the bill and be signed by the drawee; the mere signature of the drawee without additional words is sufficient;
(b)
it must not express that the drawee will perform his promise by any other means than the payment of money.