A qualified acceptance of a bill of exchange varies or modifies the terms of a bill.
Such an acceptance may take the form of:
(i) Conditional:payment by the acceptor is dependent on the fulfillment of
a condition.
(ii) Partial: this is an acceptance to pay part of the amount for which the bill
is drawn.
(iii) Local:this is an acceptance to pay only at a particular specified place.
(iv) Qualified as to time.
(v) Acceptance by one or more drawees but not by all.
maurice.mutuku answered the question on April 27, 2018 at 07:25
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