Commercial Law, 2011 Bar — Question 94

MULTIPLE CHOICE

A bill of exchange states on its face: “One (1) month after sight, pay to the order of Mr. R the amount of Php50,000.00, chargeable to the account of Mr. S. Signed, Mr. T." Mr. S, the drawee, accepted the bill upon presentment by writing on it the words “I shall pay Php30,000.00 three (3) months after sight." May he accept under such terms, which varies the command in the bill of exchange? A) Yes, since a drawee accepts according to the tenor of his acceptance. B) No, since, once he accepts, a drawee is liable according to the tenor of the bill. C) Yes, provided the drawer and payee agree to the acceptance. D) No, since he is bound as drawee to accept the bill according to its tenor.

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