Bills of Exchange Act, 1964 (Act No. 34 of 1964)Chapter IBills of exchange - form and interpretation15. Definition and requisites of acceptance |
| (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 requirements, namely— |
| (a) | it must be written on the bill and be signed by the drawee, the mere signature of the drawee without additional words being however sufficient; |
| (b) | it must not stipulate that the drawee will perform his promise by any other means than the payment of money. |