s 18 Time for acceptance
18.—(1) A bill may be accepted —(a)
before it has been signed by the drawer, or while otherwise incomplete;
(b)
when it is overdue, or after it has been dishonoured by a previous refusal to accept, or by non-payment.
(2) When a bill payable after sight is dishonoured by non‑acceptance, and the drawee subsequently accepts it, the holder, in the absence of any different agreement, is entitled to have the bill accepted as of the date of first presentment to the drawee for acceptance.
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.
