Cap. 13 · Commercial Code (Cap. 13)
Cap. 13 Art. 167Bill accepted for honour to be presented for paymenttooriginal drawee.
Sub-title I
(1) A bill accepted for honour must be presented to the original drawee for payment at the time it falls due, and be protested against him in case of non-payment.
(2) In default of such protest, the acceptor for honour shall not be bound to pay the bill, and if he pays the bill notwithstanding such default, he shall lose his right of recourse against such parties as may have had an interest that the bill be protested against the drawee.
OF JOINT AND SEVERAL LIABILITY