Liability of the acceptor for honor.
Section 164
SEC. 164. Liability of the acceptor for honor.— The acceptor for honor is liable to the holder and to all parties to the bill subsequent to the party for whose honor he has accepted.
Act No. 2031 Section 164
Act No. 2031 Section 164
Other provisions in CHAPTER XIII.
- Section 161: When bill may be accepted for honor.
- Section 162: Acceptance for honor; how made.
- Section 163: When deemed to be an acceptance for honor of the drawer.
- Section 165: Agreement of acceptor for honor.
- Section 166: Maturity of bill payable after sight; accepted for honor.
- Section 167: Protest of bill accepted for honor, and so forth.
- Section 168: Presentment for payment to acceptor for honor, how made.
- Section 169: When delay in making presentment is excused.
- Section 170: Dishonor of bill by acceptor for honor.
CitationAct No. 2031 Section 164 (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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