Question

Acceptance with some change as regards the terms of a bill general acceptance. (State True or False)

Answer 1

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FALSE,Acceptance with some change as regards the terms of a bill general acceptance.


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Answer 2

The statement acceptance with change as regards the terms of a bill general acceptance is False.

• Any acceptance with change is Iknown as qualified acceptance if acceptance is obtained with some modifications in the provisions of a bill. Nevertheless, it is regarded as general acceptance when a bill of trade is approved without changing the terms of the contract.
• If a bill of exchange is accepted with some changes in relation to the bill's original terms, such as time, place, amount, parties or any condition to the drawer's order, it is the qualified acceptance.