Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
19. General and qualified acceptances
Feedback & supportAn acceptance is either general or qualified.
acceptance
“acceptance” means an acceptance completed by delivery or notification;
A general acceptance assents without qualification to the order of the drawer.
A qualified acceptance in express terms varies the effect of the bill as drawn.
In particular, an acceptance is qualified which is —
conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment of a condition therein stated;
partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn;
local, that is to say, an acceptance to pay only at a particular specified place;
qualified as to time;
the acceptance of some one or more of the drawees, but not of all.
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.