CAP. 19]
[s. 66 cont.]
Presentment
to acceptor
for honour.
Payment for honour suprà protest.
Bills of Exchange.
the drawee, provided it has been duly presented for payment and protested for non-payment, and that he receives notice of these facts.
(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 honour suprà protest or contains a reference in case of need, it 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 the bill 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 a bill 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, any person may intervene and pay it suprà protest, for the 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 discharge 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 declaration made by the payer for honour, or his agent in
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Page 30
Page 31
CAP. 19]
[s. 66 cont.]
Presentment
to acceptor
for honour.
Payment for honour suprà protest.
Bills of Exchange.
the drawee, provided it has been duly presented for payment and protested for non-payment, and that he receives notice of these facts.
(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 honour suprà protest or contains a reference in case of need, it 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 the bill 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 present- ment for payment or non-presentment for payment.
(4) When a bill 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, any person may intervene and pay it suprà protest, for the 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 discharge 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 declaration made by the payer for honour, or his agent in
384
Page 30Page 31
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