1. Where the drawee crosses out its acceptance stated on the bill of exchange before returning it, the acceptance shall be deemed rejected, and the crossing out shall be deemed to have been occurred before the bill of exchange is returned, unless otherwise proved. 2. Where the drawee notifies the bearer or any other signatory in writing of its acceptance, it shall be bound vis-à-vis them by such acceptance.
Interpretation and application must be checked against the official text and current version.
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