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BILLS OF EXCHANGE ACT 1882 - SECT 66

Liability of acceptor for honour.

66.(1) The acceptor for honour of a bill by accepting it engages that he will,
on due presentment, pay the bill 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.

(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.

© 1882 Crown Copyright

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