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← Bills of Exchange Act 1949

Bills of Exchange Act 1949 s 19

s 19 General and qualified acceptances

19.—(1) An acceptance is either general or qualified. (2) A general acceptance assents without qualification to the order of the drawer. (3) A qualified acceptance in express terms varies the effect of the bill as drawn. (4) In particular, an acceptance is qualified which is —(a) conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment 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 specified place; (d) qualified as to time; (e) the acceptance of some one or more of the drawees, but not of all. (5) 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.

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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.

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