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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 ст. 229Holder to demand payment from acceptor for honour, etc., in case of refusal of drawee to pay the bill.

Sub-title I

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Where the party on whom the bill was drawn refuses to pay it, the holder shall, after protesting the bill against him, present it for payment to the acceptor for honour, and, in case of refusal by the latter, to any other party named in the bill for the acceptance or payment thereof in case of need.