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" The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability... "
Annual Report of the Illinois State Bar Association - Page 117
by Illinois State Bar Association - 1899
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Laws

Illinois - Law - 1907 - 644 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...or subsequently assent thereto. When the drawer or indorser receives notice of a qualified acceptance, he must within a reasonable time express his dissent...
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Acts of the General Assembly of the State of Alabama

Alabama - Law - 1907 - 1034 pages
...quahuiKtualified acceptance, he, may treat the bill asfi«i dishonored by nou-accptance. Where a qualified ance, acceptance is taken, the drawer and indorsers are...subsequently assent thereto. When the drawer or an indorser receives notices of a qualified acceptance, be must within a reasonable time express his dissent...
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Acts of the Legislature of West Virginia

West Virginia - Law - 1907 - 710 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance; where a qualified acceptance is taken, the drawer and indorsers...liability on the bill, unless they have expressly or implieclly authorized the holder to take a qualified acceptance, or subsequently assent thereto; when...
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Report of the Board of Statutory Consolidation: Insurance law to Partnership law

New York (State). Board of Statutory Consolidation - Law - 1907 - 1252 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability on the bill, imless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently...
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1907 - 406 pages
...does not obtain an unqualified acceptance he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from hability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified...
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - Negotiable instruments - 1908 - 366 pages
...obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance (a). Where a qualified acceptance is taken, the drawer and indorsers...subsequently assent thereto. When the drawer or an indorser receives notice of a qualified acceptance, he must within a reasonable time express his dissent...
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The Negotiable Instruments Law: From the Draft Prepared for the ...

John Jay Crawford - Negotiable instruments - 1908 - 276 pages
...obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance (a). Where a qualified acceptance is taken, the drawer and indorsers...subsequently assent thereto. When the drawer or an indorser receives notice of a qualified acceptance, he must within a reasonable time express his dissent...
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The Negotiable Instruments Law: With Comments and Criticisms

Joseph Doddridge Brannan, James Barr Ames, Lyman Denison Brewster, Charles Louis McKeehan - Bills of exchange - 1908 - 276 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non.acceptance. Where a qualified acceptance is taken, the drawer and indorsers...qualified acceptance, or subsequently assent thereto. 1 When the drawer or an indorser receives notice of a qualified acceptance, he must, within a reasonable...
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The Negotiable Instruments Law with Comments and Criticisms: Reprinted from ...

Joseph Doddridge Brannan - Bills of exchange - 1908 - 276 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...take a qualified acceptance, or subsequently assent thereto.1 When the drawer or an indorser receives notice of a qualified acceptance, he must, within...
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Bills and notes. Guaranty and suretyship. Insurance. Bankruptcy

Albert Hutchinson Putney - Law - 1908 - 396 pages
...not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers...authorized the holder to take a qualified acceptance, or -ubsequently assent thereto. When the drawer or indorser receives notice of a qualified acceptance,...
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