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Bills of Exchange Act · s 17
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Bills of Exchange Act · s 17
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer.
An acceptance is invalid unless it complies with the following conditions, namely —
it must be written on the bill and be signed by the drawee;
the mere signature of the drawee without additional words is sufficient;
it must not express that the drawee will perform his promise by any other means than the payment of money.