Q.

Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor

A. undertakes to pay only `10,000 for a bill drawn for `15,000.
B. declares the payment to be independent of any other event.
C. writes, ‘Accepted, payable at ABC Bank’.
D. writes, ‘Accepted, payable at Delhi’.
Answer» A. undertakes to pay only `10,000 for a bill drawn for `15,000.
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