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Act No. 2031 Section 141

Act No. 2031 Section 141

Qualified acceptance.

Section 141

SEC. 141. Qualified acceptance.— An acceptance is qualified which is— (a) Conditional; that is to say, which makes payment by the acceptor dependent on the fulfillment of a condition therein stated; (b) Partial; that is to say, an acceptance to pay part only of the amount for which the bill is drawn; (c) Local; that is to say, an acceptance to pay only at a particular place; (d) Qualified as to time; (e) The acceptance of some one or more of the drawees, but not of all.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER X. →

Other provisions in CHAPTER X.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2031 Section 141 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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