Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-09
ACCEPTANCE FOR HONOR.

& Sec. 1e1. WHEN BILL MAJ BE ACCEPT
1R
ance5 or protested for, better security, and Is
not overdue, any person not being 2 party al.
the holder, intervene and accept the bin supra
protest for the honor of any party liable
Rs5s s TIE s hGo p e fsr
sum for which tho bill ID drawn; and where
one party, there may be . further acceptance
by . different person for the honor OF another
Sec See. 1e2. (AccEPrANcn FOR HONOR:
protest must bs IN writing. and indicate that ct
Sec Zee. Ss.me eRasiSS' DEEMED 10 Be AN
AG as FOR HONOR o +, THE THE
does not expressly state for whose honor 1t is
made, It 10 deemed to be IN acceptance for
tn see no1 as q OF THE
bic to the holder and to ali parties to the bin
subsequent to the party for whose honor no has
Sec. is5.-(AGRREMENr or AcCMroR
FOR HONOR The acceptor for honor. by
terms q HI; a ny provided Il shs not
9ssh t shall 5as
and notice Of dishonor oven him. :,
AFTER iS; SIGHT; AccEPTED FOR noNoR.]
Where q bill payable after sight q accepted fos
IL IS s. nons +
seet!ss ~ eE BIZ xScrr
dishonored bill has been accepted for homo.
supra protest Or contains reference IN case o.
need 4 must be protested for nonpsym ZEN be
gse fGs x oR
MKB TO soh to H4 nv
accepter dpr honor must be made :, g
It must be presented not Later than the day
following Its maturity s =:
9s1H It Is to be presented a n s4ms otne'
then it must be Forwarded within the time
specified in section one hundred and four:
pR SIS sssHqS q RsAx = M Mk pS
visions Of Section eighty-one apply where
there is delay in making presentment to the
81 ToR a6N9k 1T &. II
honored by the acceptor for honor It must b
ARTICLE VI. -v5
PAYMENT FOR HONOR.
Sec. 171.-(WHo MAY MAKE PAYMENT
FOR HONOR.) Where bill has beea pro
for and psg supra .PS
the honor Of the person Tor whose account Il
Sec. i72LtrAYMnNT FOR HONOR, HOW
MADE.) The payment for honor supra pro-
test In order to operate a. such ana not a.
q mere voluntary payment must b. atteated
pended to the protest Or form "A extensien K
Sec. INSTRUMENTATION BEFORE PAY.
MENT FOR HONOR.) Tho notarial act d
honor must be founded On declaration mad,
tn f 2, hy hs T. tsn
for honor and for whose honor he pay8.
Sec 174.-(PREFEFsNlCE OF PART1Et
IOFFERING TO. PAY FOR HoNoN-) Whe1x
two or more persons offer to pay . bin foa
the honor Of different parties. the person whost
| bill 10 to be given the preference.
p sss a7S waBRn B1 On Is sYrsHeSo Sa
HoNoR.l Whers . bill has been paid 70,
honor, all parties subsequent to tho party
for whose honor It is paid are discharged
but the payer for honor IL .GuhTogaAo0 for, and
succeeds to, both the rights and duties Of thu
holder Al regards the party for whom honol
he pays, ana all parties liable to the latter
Sec. 176:-(WHERH HOLDER RuFUsEs
TO RECEIVE PAYMENT SUPRA PROTEST.
Where tn holder OF . bill refuses % r!ceive
payment supra protest. he loses his 14eht Of
been discharged by such payment.
Sec. 177-(RIGHTs OF ~ PAYER FOE
FIONOR) The payer tor honor On paying K
the holder the amount Of the bin ana tie no
tarial expenses incidental 10 its dishono9 I,
entitled to receive both the btl itself and TN
ARTICLE vu.