TypeBare Act JurisdictionCentral Government Enacted1881

Negotiable Instruments Act, 1881 Section 86

Parties not consenting discharged by qualified or limited acceptance.—If the holder of a bill of exchange acquiesces in

Section Text

Explanation.—An acceptance is qualified (a) where it is conditional, declaring the payment to be dependent on the happening of an event therein stated; (b) where it undertakes the payment of part only of the sum ordered to be paid;