Section 17Part 2 — Bills of Exchange
Definition and requisites of acceptance
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The acceptance of a bill is the signification by the drawee of the drawee’s assent to the order of the drawer.
An acceptance is invalid unless —
it is written on the bill and signed by the drawee, and in this regard the mere signature of the drawee without additional words is sufficient; and
it does not express that the drawee will perform the drawee’s promise by any other means than the payment of money.
Defined Terms
acceptance