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← Bills of Exchange Act 1949

Bills of Exchange Act 1949 s 19

Bills of Exchange Act 1949 s 19

s 19 General and qualified acceptances

(1) An acceptance is either (a) general or (b) qualified. (2) A general acceptance assents without qualification to the order of the drawer. (3) (a) A qualified acceptance in express terms varies the effect of the bill as drawn. (b) In particular an acceptance is qualified which is— (i) conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment of a condition therein stated; (ii) partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn; (iii) local, that is to say, an acceptance to pay only at a particular specified place; 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; (iv) qualified as to time; (v) the acceptance of some one or more of the drawees, but not of all.

Read this section in the full act → · Open Part II →

Find Act 204 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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