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Section 141. Qualified acceptance.- An acceptance is qualified which is - Negotiable Instruments Law

Section 141. Qualified acceptance.- An acceptance is qualified which is of Negotiable Instruments Law. Section 141. Qualified acceptance.- An acceptance is qualified which is- (a) Conditional; that is to say, which makes payment by the acceptor dep

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 141. Qualified acceptance.- An acceptance is qualified which is-

(a) Conditional; that is to say, which makes payment by the acceptor dependent on the fulfillment 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 place;

(d) Qualified as to time;

(e) The acceptance of some one or more of the drawees, but not of all.

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