My bookmarksSign up free
← Bills of Exchange Act 1949

Bills of Exchange Act 1949 s 17

s 17 Definition and requisites of acceptance

17.—(1) The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer. (2) An acceptance is invalid unless it complies with the following conditions, namely:(a) it must be written on the bill and be signed by the drawee; the mere signature of the drawee without additional words is sufficient; (b) it must not express that the drawee will perform his promise by any other means than the payment of money.

Read this section in the full act → · Open PART 2 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next