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

186. Protest of bill accepted for honor, et cetera. 187. Presentment for payment to acceptor f or honor; how made. 188. When delay in making present- ment is excused. 189. Dishonor of bill by acceptor for honor. CHAPTER XV— Payment of Bills of Exchange for Honor. 190. Who may make payment for honor. 191. Payment for honor; how made. 192. Declaration before payment for honor. 193. Preference of parties offering . to pay for honor. 194. Effect on subsequent parties where bill is paid for honor. 195. Where holder refuses to receive payment supra protest. 196. Rights of payer for honor.

CHAPTER XVI— Bills in a Set. 197. Bills in sets constitute one bill. 198. Rights of holders where differ- ent parts are negotiated. 199. Liability of holder who indor- ses two or more parts of a set to different persons. 200. Acceptance of bills drawn in sets. 201. Payment by acceptor of bills drawn in sets. 202. Effect of discharging one of a set. CHAPTER XVII — Promissory Notes and Cheeks. 203: Promissory note defined. , 204. Check defined. 205. Within what time a check must be presented. 206. Certification of check; effect of. 207. Effect where holder of check procures it to be certified. 208. When check operates as an assignment.

1888, art 13, sec. 1. 1860, art., 14, sec. 1. 1785, ch.38, sec. 1.

1. The owner or holder of every bill of exchange drawn in
this State on any person, corporation or company in any foreign
country, and regularly protested, shall have a right to recover
so much current money as will purchase a good bill of exchange
of the same time of payment, and upon the same place, at the
current exchange of such bill, and also fifteen per cent, damages
upon the value of the principal sum mentioned in such bill,
and costs of protest, together with legal interest upon the value
of .the principal sum. therein mentioned from the time of, protest,
until the principal and damages are paid and satisfied.

Brydon v. Taylor, 2 H. & J. 396. Bank v. U. S., 2 How. 736. U. S. v.
Bank, 5 How. 382.

Ibid. sec. 2. 1860, art. 14, sec. 2. 1785, ch. 38, sec. 1.

2. If any endorser of such bill shall pay to the owner or
holder of such bill the value of the principal, and the damages
and interest aforesaid, he shall have the right to recover the
sum paid, with legal interest upon the same, from the drawer
or any other person, corporation or company liable to such
endorser, upon such bill of exchange.