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Section 138. Acceptance of incomplete bill.-A bill may be accepted before it - Negotiable Instruments Law

Section 138. Acceptance of incomplete bill.-A bill may be accepted before it of Negotiable Instruments Law. Section 138. Acceptance of incomplete bill.-A bill may be accepted before it has been signed by the drawer, or while otherwise incomplete, or whe

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 138. Acceptance of incomplete bill.-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 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.

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