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General and qualified acceptances.
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19. (1.) An acceptance is either (a) general or (b) qualified.
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(2.) A general acceptance assents without qualification to the order of the drawer. A qualified acceptance in express terms varies the effect of the bill as drawn.
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In particular an acceptance is qualified which is—
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(a.) conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment of a condition therein stated:
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(b.) partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn:
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(c.) local, that is to say, an acceptance to pay only at a particular specified place:
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An acceptance to pay at a particular place is a general acceptance, unless it expressly states that the bill is to be paid there only and not elsewhere:
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(d.) qualified as to time:
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(e.) the acceptance of some one or more of the drawees, but not of all.
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