Act No. 2031 Section 62

Liability of acceptor.

Section 62

SEC. 62. Liability of acceptor.— The acceptor by accepting the instrument engages that he will pay it according to the tenor of his acceptance; and admits— (a) The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the instrument; and (b) The existence of the payee and his then capacity to indorse.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2031 Section 62 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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