Act No. 2031 Section 165

Agreement of acceptor for honor.

Section 165

SEC. 165. Agreement of acceptor for honor.— The acceptor for honor, by such acceptance engages that he will on due presentment pay the bill according to the terms of his acceptance, provided it shall not have been paid by the drawee, and provided also that it shall have been duly presented for payment and protested for nonpayment and notice of dishonor given to him.

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CitationAct No. 2031 Section 165 (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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