Section 43: Duties as to qualified acceptance

43. Duties as to qualified acceptance (1) The holder of a bill may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance he may treat the bill as dishonoured by non-acceptance. (2) (a) Where a qualified acceptance is taken, and the drawer or an indorser has not expressly or impliedly authorised the holder to take a qualified acceptance, or does not subsequently assent to it, the drawer or indorser is discharged from his liability on the bill. [Issue 1] B7 – 14 Revised Laws of Mauritius (b) This subsection does not apply to a partial acceptance, of which due notice has been given. (c) Where a bill has been accepted as to part, it shall be protested as to the balance. (3) Where the drawer or indorser of a bill receives notice of a qualified acceptance and does not within a reasonable time express his dissent to the holder, he shall be deemed to have assented to it.