Section 19Part 2 — Bills of Exchange
General and qualified acceptances
←→ Navigate · Click subsection badges to collapse · Press ? for help
An acceptance is either general or qualified.
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; or
local, that is to say, an acceptance to pay only at a particular specified place:
Provided that 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;
qualified as to time; or
the acceptance of some one or more of the drawees, but not of all.
Defined Terms
general acceptancequalified acceptance