Section 64: Liability of acceptor for honour
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
64. Liability of acceptor for honour
(1) The acceptor for honour of a bill by accepting it engages that he will,
on due presentment, pay the bill according to the tenor of his acceptance, if it
is not paid by the drawee, provided it has been duly presented for payment,
and protested for non-payment, and that he receives notice of these facts.
(2) The acceptor for honour is liable to the holder and to all parties to the
bill subsequent to the party for whose honour he has accepted.