BILLS OF EXCHANGE . [ 9 OF 1885. ] 715
( 2. ) 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 .
67. ( 1. ) Where a dishonoured bill has been accepted for to Presentment
honour suprà protest, or contains a reference in case of need, it for acceptor
honour.
must be protested for non - payment before it is presented for
payment to the acceptor for honour, or referee in case of need .
( 2. ) Where the address of the acceptor for honour is in the
same place where the bill is protested for non-payment, the bill
must be presented to him not later than the day following its
maturity ; and where the address of the acceptor for honour is
in some place other than the place where it was protested for
non -payment, the bill must be forwarded not later than the day
following its maturity for presentment to him .
( 3. ) Delay in presentment or non -presentment is excused
by any circumstance which would excuse delay in presentment
for payment or non - presentment for payment.
( 4. ) When aa bill of exchange is dishonoured by the acceptor
for honour it must be protested for non - payment by him .
68. ( 1. ) Where a bill has been protested for non-payment, Payment for
any person may intervene and pay it suprà protest for the honour
protest. suprà
honour of any party liable thereon, or for the honour of the
person for whose account the bill is drawn.
( 2. ) Where two or more persons offer to pay a bill for the
honour of different parties, the person whose payment will dis
charge most parties to the bill shall have the preference.
( 3. ) Payment for honour suprà protest, in order to operate
as such and not as a mere voluntary payment, must be attested
by a notarial act of honour which may be appended to the
protest or form an extension of it .
( 4. ) The notarial act of honour must be founded on a decla
ration made by the payer for honour, or his agent in that
behalf, declaring his intention to pay the bill for honour, and
for whose honour he pays.
( 5. ) Where a bill has been paid for honour, all parties, sub
sequent to the party for whose honour it is paid are discharged,
but the payer for honour is subrogated for, and succeeds to
both the rights and duties of the holder as regards the party
for whose honour he pays, and all parties liable to that party.
( 6. ) The payer for honour on paying to the holder the
amount of the bill and the notarial expenses incidental to its
dishonour is entitled to receive both the bill itself and the
protest. · If the holder do not on demand deliver them up he
shall be liable to the payer for honour in damages.