BILLS OF EXCHANGE ACT 1882 - SECT 44 Duties as to qualified acceptances.

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BILLS OF EXCHANGE ACT 1882 - SECT 44

Duties as to qualified acceptances.

44.(1) The holder of a bill may refuse to take a qualified acceptance, and if
he does not obtain an unqualified acceptance may treat the bill as dishonoured
by non-acceptance.

(2) Where a qualified acceptance is taken, and the drawer or an indorser has
not expressly or impliedly authorised the holder to take a qualified
acceptance, or does not subsequently assent thereto, such drawer or indorser
is discharged from his liability on the bill.

The provisions of this sub-section do not apply to a partial acceptance,
whereof due notice has been given. Where a foreign bill has been accepted as
to part, it must be protested as to the balance.

(3) When the drawer or indorser of a bill receives notice of a qualified
acceptance, and does not within a reasonable time express his dissent to the
holder he shall be deemed to have assented thereto.

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Northern Irish Legislation

BILLS OF EXCHANGE ACT 1882 - SECT 44