Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
44. Duties as to qualified acceptances
Feedback & supportThe holder of a bill may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, may treat the bill as dishonoured by non-acceptance.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Where a qualified acceptance is taken, and the drawer or an indorser has not expressly or impliedly authorised the holder to take a qualified acceptance, or does not subsequently assent thereto, such drawer or indorser is discharged from his liability on the bill.
acceptance
“acceptance” means an acceptance completed by delivery or notification;
Subsection (2) does not apply to a partial acceptance, whereof due notice has been given.
Where a foreign bill has been accepted as to part, it must be protested as to the balance.
When the drawer or indorser of a bill receives notice of a qualified acceptance, and does not, within a reasonable time, express his dissent to the holder, he shall be deemed to have assented thereto.