Commonwealth Consolidated Acts

BILLS OF EXCHANGE ACT 1909 - SECT 24

             (1)  An acceptance is either:

                     (a)  general; or

                     (b)  qualified.

             (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.

             (3)  In particular an acceptance is qualified which is:

                     (a)  conditional, that is to say, which makes payment by the acceptor dependent on the fulfilment of a condition therein stated; or

                     (b)  partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn; or

                     (c)  local, that is to say, an acceptance to pay only at a particular specified place; or

                     (d)  qualified as to time; or

                     (e)  the acceptance of some one or more of the drawees, but not of all.

             (4)  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.