BILLS OF EXCHANGE ACT

Section 17: Definition and requisites of acceptance.

1917Section 17 of 98Federal Republic of Nigeria

(1) The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer.
(2) An acceptance is invalid unless it complies with the following conditions-
(a) it must be written on the bill and be signed by the drawee; and the mere signature of the drawee without additional words is sufficient;
(b) it must not express that the drawee will perform his promise by any other means than the payment of money.

Cite this section

Section 17, BILLS OF EXCHANGE ACT (1917).

https://repo.podus.ai/laws/bills-of-exchange-act/section/17/