Part II Bills of Exchange

Form and Interpretation

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.