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52 BILLS OF EXCHANGE AND PROMISSORY NOTES. FART. 13
177. Where the acceptor has been adjudged a bankrupt or an
insolvent, or has made an assignment for the benefit of creditors,
before the bill matures, the holder may cause the bill to be pro-
tested for better security against the drawer and indorsers.
178. Protest is dispensed with by any circumstances which
would dispense with notice of dishonor. Delay in noting or
protesting is excused when delay is caused by circumstances
beyond the control of the holder and not imputable to his default,
misconduct or negligence. When the cause of delay ceases to
operate, the bill must be noted or protested with reasonable dili-
gence.
179. Where a bill is lost or destroyed, or is wrongly detained
from the person entitled to hold it, protest may be made on a
copy or written particulars thereof.
CHAPTER XIV—Acceptance of Bills of Exchange for Honor.
180. Where a bill of exchange has been protested for dis-
honor 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
supra protest for the honor of any party liable thereon, or for
the honor of the person for whose account the bill is drawn. The
acceptance for honor may be for part only of the sum for which
the bill is drawn; and where there has been an acceptance for
honor for one party, there may be a further acceptance by a dif-
ferent person for the honor of another party.
181. An acceptance for honor supra protest must be in writ-
ing and indicate that it is an acceptance for honor, and must be
signed by the acceptor for honor.
182. Where an acceptance for honor does not expressly state
for whose honor it is made, it is deemed to be an acceptance for
the honor of the drawer.
183. The acceptor for honor is liable to the holder and to all
parties to the bill subsequent to the party for whose honor he has
accepted.
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