Page:United States Statutes at Large Volume 30.djvu/836

 7 98 FIFTY-FIFTH CONGRESS. SEss. III. Ch. 47. 1899. drawee will perform his promise by any other means than the payment of money. . Holder ¤¤m1¤•1 w SEO. 133. That the holder of a bill presenting the same for acceptance '}-,§’,,°?*"""°° °“ i'" °f may require that the acceptance be written on the bill, and if such a request is refnsed, may treat the bill as dishonored. Aw¤r¤¤¤¤¤ <·¤ we Sec. 134. That where an acceptance is written on a paper other than °"°° *"°°"""°°°‘ the bill itself, it does not bind the acceptor except in favor of a person to whom it is shown and who, on the faith thereof, receives the bill for value. Pwmiw M ¤¤<=¤r>*· Sec. 135. That an unconditional promise in writing to accept a bill -:,:§',§,,,Y,'},`§?"1°”t W before it is drawn is deemed an actual acceptance in favor of every person who, upon the faith thereof§ receives the bill for value. '$;¤•>·¤°€'°•‘ ‘*¤“'· Sec. 136. That the drawee is allowed twenty-four hours after pre- °° °°°°P sentment in which to decide whether or not he will accept the bill; but the acceptance, if given, dates as of the day of presentation. Liability of dnww Sec. 137. That where a drawee to whom a. bill is delivered for accept- {§;‘{,‘§f‘ °" °°°"°’“ ance destroys the same, or refuses within twenty-four hours after such delivery, or within such other period as the holder may allow, to return the bill accepted or nonaccepted to the holder, he will be deemed to have accepted the same. Awepuqco of in- Sec. 138. That a bill may be accepted before it has been signed by °"“P‘°‘°"‘“‘ the drawer, or while otherwise incomplete or- when it is overdue, or after it has been dishonored by a previous refusal to accept, or by nonpayment. But when a bill payable after sight is dishonored by nonacceptance and the drawee subsequently accepts it, the holder, in the absence of any different agreement, is entitled to have the bill accepted as of the date of the first presentment. Kinds of •·=¤¤1>f· Sec. 139. That an acceptance is either general or qualified. A gen- "'Z°'g€m¤1. _ eral acceptance assents without qualification to the order of the drawer. A qualified acceptance in expressed terms varies the effect of the bill as drawn. Sec. 140. That an acceptance to pay at a particular place is a general acceptance unless it expressly states that the bill is to be paid there only and not elsewhere. —<1¤·¤¤¤i· Sec. 141. That an acceptance is qualified, which is- ° First. Conditional; that is to say, which makes payment by the acceptor dependent on the fulfillment of a condition therein stated. Second. Partial; that is to say, an acceptance to pay part only of the amount for which the bill is drawn. lThird. Local; that is to say, an acceptance to pay any at a particular p ace. Fourth. Qualified as to time. · fFilf£th. The acceptance of some one or more of the drawees, but not o a . _:fz¤*¤ ¤f x>·=¤¤• Sec. 142. That 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 nonacceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability on the bill unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto. When the drawer or an indorser receives notice of a qualified acceptance, he must within a reasonable tune express his dissent to the holder, or he will be deemed to have assented thereto. “{)’{j;j;f*¤°°* ‘°’ °°· ARTICLE 111. PRESENTMENT Fox ACCEPTANCE. ··Wl=¤¤ *0 l>•¤¤¤¤¤·‘¤· Sec. 143. That presentment for acceptance must be made: First. \Vhere the bill is payable after sight, or in any other case where presentment for acceptance is necessary in order to fix the matumty of the instrument; or Second. Where the bill expressly stipulates that it shall be presented for acceptance; or Third. W here the C1111S drawn payable elsewhere than at the residence or place of business of the drawee. I l