ExampIes of a qualified acceptance to a bill of exchange

Acceptance of bill of exchange could either be general or qualified.

Identify four examples of qualified acceptance of a bill of exchange

Examples of a qualified acceptance to a bill of exchange

  • Conditional: Where the drawee specifies a condition subject to which he is bound by its terms
  • Partial: The drawee accepts to pay part of the sum
  • Local: The drawee accepts to pay the bill at a specified place.
  • Time: The drawee changes the time of payment Acceptance by some not all drawers.



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