Qualified Acceptance of Bill of Exchange

When bill is accepted with some condition by drawee is called qualified acceptance.

An acceptance of bill of exchange that varies the result of the bill as drawn. It solely affects the rights of these previously liable on the bill. commonly the drawer presents the bill for acceptance and need not accept the qualification. If the bill has been negotiated before acceptance the holder isn't certain to take a certified acceptance once he presents the bill, could treat the bill as disgraced. If he takes a certified acceptance he releases from liability all previously signatories who did not assent. The partial acceptance, i.e., solely only the add mere, doesn't release the previous signatories providing they're notifies.