ART. 13] ACCEPTANCE OF BILLS OF EXCHANGE. 295

1904, art. 13, sec. 154. 1898, ch. 119.

154. An unconditional promise in writing to accept a bill before it
is drawn is deemed an actual acceptance in favor of every person who,
upon the faith thereof, receives the bill for value.

Ibid. sec. 155. 1898, ch. 119.

155. The drawee is allowed twenty-four hours after presentment
in which to decide whether or not he will accept the bill; but the
acceptance, if given, dates as of the day of presentation.

Ibid. sec. 156. 1898, ch. 119.

156. Where a drawee to whom a bill is delivered for acceptance
destroys the same, or refuses within twenty-four hours after such deliv-
ery, or within such other period as the holder may allow, to return the
bill accepted or non-accepted to the holder, he will be deemed to have
accepted the same.

Ibid. sec. 157. 1898, ch. 119.

157. A bill may be accepted before it has been signed by 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 non-payment.
But when a bill payable after sight is dishonored by non-aceptance 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.

Ibid. sec. 158. 1898, ch. 119.

158. An acceptance is either general or qualified. A general accept-
ance assents without qualification to the order of the drawer. A quali-
fied acceptance in express terms varies the effect of the bill as drawn.

Ibid. sec. 159. 1898, ch. 119.

159. An acceptance to pay at a particular place is a general accept-
ance unless it expressly states that the bill is to be paid there only and
not elsewhere.

Ibid. sec. 160. 1898, ch. 119.

160. An acceptance is qualified, which is:

1. Conditional—that is to say, which makes payment by the acceptor
dependent on the fulfillment of a condition therein stated;

2. Partial—that is to say, an acceptance to pay part only of the
amount for which the bill is drawn;

3. Local—that is to say, an acceptance to pay only at a particular
place;

4. Qualified as to time;

5. The acceptance of some one or more of the drawees, but not of all.