Hong Kong Ordinances

BILLS OF EXCHANGE ORDINANCE - SECT 18

Time for acceptance

(1) A bill may be accepted-

   (a)  before it has been signed by the drawer, or while otherwise
        incomplete;

   (b)  when it is overdue, or after it has been dishonoured by a previous
        refusal to accept or by non-payment.

(2) When a bill payable after sight is dishonoured by non-acceptance, 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 first
presentment of the drawee for acceptance. (Amended 51 of 1911; 63 of 1911
Schedule) [cf. 1882 c. 61 s. 18 U.K.]