17. Definition and requisites of acceptance

(1)

The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer.

(2)

An acceptance is invalid unless it complies with the following conditions, namely —

(a)

it must be written on the bill and be signed by the drawee;

the mere signature of the drawee without additional words is sufficient;

(b)

it must not express that the drawee will perform his promise by any other means than the payment of money.

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