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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 ст. 133Acceptance implies supply of funds.

Sub-title I

ДействуетОфициальный текст

(1) An acceptance implies the supply of funds, and constitutes a proof thereof as regards the holders and the endorsers.

(2) The drawer alone, whether the bill be accepted or not, is bound to prove, in case of dispute, that the persons on whom the bill was drawn were provided with the necessary funds for the payment of the bill at maturity; otherwise he is bound to warrant the bill, even though the protest is made after the lapse of the prescribed times.