In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
A bill may be accepted —
before it has been signed by the drawer, or while otherwise incomplete;
when it is overdue, or after it has been dishonoured by a previous refusal to accept, or by non-payment.
When a bill payable after sight is dishonoured by non-acceptance, and the drawee subsequently accepts it, the holder, in the absence of any different agreement, is entitled to have the bill accepted as of the date of first presentment to the drawee for acceptance.
acceptance
“acceptance” means an acceptance completed by delivery or notification;
acceptance
“acceptance” means an acceptance completed by delivery or notification;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
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