Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-04-24
ACCEPTANCE.

SECTION 1872 The acceptance of bill the Specification
by the drawec of his the order of the drawer The
acceptance must be in writing and signed by the drawce II
express that the drawcc will perform his promise by
any other means than the payment of money.
SECTION 1873. The holder of bill presenting the for
acceptance may require that the acceptance be written the
BILL and if such request refused may the bill dis
honorel.
SECTION 1874. Where acceptance is written paper
other than the bill itself it does not bind the acccpor except
in favor of person whom it is shown and wlo the faith
thereof, receives the bill for value ..ai.t.
SEcToN l35. An unconditional promise n~nritng accept
bill before is drawn deemed actual acceptance favor
Of every person wo the faith thereof receives the bill
for value. .'. .: g.. ..... ..r.'
SECTION 1856 The drawcc is allowed twcnyfour hours after
pesenmcnt, in which decide whether not he will accept
the bill; but the acceptance if given dates of the day of
presentation.
SECTION 49,. Where drawec whom bill delivered for
acceptance destroys the same, refuses within twcnyfour
hours after such delivery within sch other period the
holder allow, to return the bill accepted noaccepted
to the holder he will be deemed have accepted the
SEcTIoN 1885, bill may be accepted before it has been
signed by the drawer while otherwise incomplete when
it overdue after has been dishonod by previous
fsa to accept or by nonpayment But when BILL payable
after sight is dshonorcd by nonacceptancc and the drawec
subsequent accepts it, the holder in the absence of different
agreement entitled have the bill accepted of the date
of the first prcsentment.
SECTION 139 An acceptance either general qualified
general assens without qualification the order
of the drawer \ qualified acceptance express
the effect of the bill as drawn.
SECTION no. An acceptance pay particular place is
general acceptance, unless it expressly the bill
be paid there only and not elsewhere
SECTION li1 An acceptance is qualified, which Isl
l. CONDITIONAL that say, which makes payment by tho
accepor dependent the fulflment of condition therein
stated
= PARTIAL that is to acceptance only of
the amount for which the bill is drawn;
J. Local, that is say acceptance pay only par
ticular place;
H. Qualified as to time;
s. The acceptance of of the dawees, but
not of all.
SECTION 142. The holder may refuse to take a qualified
acceptance and if he does not obtain unqualified acceptance
he treat the bill dshonorcd by nonacceptace Where
qualified acceptance taken, the drawer and ndorsers
discharged from liability the BILL unless they have expressly
implicitly authorized the holder take qualified accept
he must, within reasonable time express his dissent
the holder he will be deemed have assented thereto
PREsENTMENT FOR ACCEPTANCE.
SECTION 49, Preentmcnt for acceptance be made:
l. Where the bill is payable after sight other case
where preenmont for acceptance necessary order fix
the maturity of the instrument;
3 Where the bill expressly puaes that it shall be pre-
scented for acceptance;
3. Where the bill is drawn payable elsewhere than the
residence place of business of the lrawee
In other presenment for acceptance necessary in
order to render any party to the bill liable.
SECTION Iii Except herein otherwise provided, the
holder of bill which required by the preceding section
be presented for acceptance either present for accept
negotiate it within reasonable time If he fail to do
SO, the drawer and all inlorsers discharged
no mazda by