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BILLS OF EXCHANGE ACT 1882 - SECT 65

65.(1) Where a bill of exchange has been protested for dishonour 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 supra0 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 supra0 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.

© 1882 Crown Copyright

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