54 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13

attested by a notarial act of honor which may be appended to
the protest. or form an extension to it.

192. The notarial act of honor must be founded on a decla-
ration made by the payer for honor or by his agent in that
behalf, declaring his intention to pay the bill for honor and for
whose honor he pays.

193. Where two or more parties offer to pay a bill for the
honor of different parties, the person whose payment will dis-
charge most parties to the bill is to be given the preference.

194. Where a bill has been paid for honor, all parties subse-
quent to the party for whose honor it is paid are discharged, but
the payer for honor is subrogated for, and succeeds to, both the
rights and duties of the holder as regards the party for whose
honor he pays and all parties liable to the latter.

195. Where the holder of a bill refuses to receive payment
supra protest, he loses his right of recourse against any party
who would have been discharged by such payment

196. The payer for honor on paying to the holder the
amount of the bill and the notarial expenses incidental to its
dishonor, is entitled to receive both the bill itself and the pro-
test.

CHAPTER XVI—Bills in a Set.

197. Where a bill is drawn in a set, each part of the set
being numbered and containing a reference to the other parts, the
whole of the parts constitute one bill.

198. Where two or more parts of a set are negotiated to
different holders in due course, the holder whose title first
accrues is, as between such holders, the true owner of the bill.
But nothing in this section affects the rights of a person who in
due course accepts or pays the part first presented to him.

199. Where the holder of a set indorses two or more parts to
different persons, he is liable on every such part, and every