Bills of Exchange.
[CAP. 19
is avoided except as against a party who has himself made, authorized, or assented to the alteration, and subsequent indorsers: Provided that where a bill has been materially altered, but the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor.
(2) In particular, the following alterations are material, namely, any alteration of the date, the sum payable, the time of payment, the place of payment, and, where a bill has been accepted generally, the addition of a place of payment without the acceptor's assent.
Acceptance and payment for honour.
for honour
65. (1) Where a bill has been protested for dishonour Acceptance by non-acceptance or protested for better security, and is not overdue, any person, not being a party already liable thereon, may, with the consent of the holder, intervene and accept the bill supra protest, for the honour of any party liable thereon or for the honour of the person for whose account the bill is drawn.
(2) A bill may be accepted for honour for part only of the sum for which it is drawn.
(3) An acceptance for honour supra protest in order to be valid must-
(a) be written on the bill, and indicate that it is an acceptance for honour;
(b) be signed by the acceptor for honour.
(4) Where an acceptance for honour does not expressly state for whose honour it is made, it is deemed to be an acceptance for the honour of the drawer.
(5) Where a bill payable after sight is accepted for honour, its maturity is calculated from the date of the noting for non-acceptance, and not from the date of the acceptance for honour.
acceptor for
66. (1) The acceptor for honour of a bill, by accepting Liability of it engages that he will, on due presentment, pay the bill honour. according to the tenor of his acceptance, if it is not paid by
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