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An acceptance of an offer subject to a condition or conditions which must
be met. Since new conditions are included, a qualified acceptance is a
rejection of the original offer and thus a qualified acceptance is
tantamount to a counteroffer.
An acceptance is qualified—
(a) where it is conditional, declaring the payment to be dependent on the
happening of an event therein stated;
(b) where it undertakes the payment of part only of the sum ordered to be
paid;
(c) where, no place of payment being specified on the order it undertakes
the payment at a specified place, and not otherwise or elsewhere; or where,
a place of payment being specified in the order, it undertakes the payment
at some other place and not otherwise or elsewhere. ….. [Section 86,
explanation, Negotiable Instrument Act, 1881]
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