In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
The acceptor for honour of a bill by accepting it engages that he will, on due presentment, pay the bill for according to the tenor of his acceptance, if it is not paid by the drawee, provided it has been duly presented for payment and protested for non-payment, and that he receives notice of these facts.
The acceptor for honour is liable to the holder and to all parties to the bill subsequent to the party for whose honour he has accepted.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
acceptance
“acceptance” means an acceptance completed by delivery or notification;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
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