Acceptor Supra Protest

A party who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers.

One who accepts a bill which has been protested, for the honor of the drawer or any one of the endorsers. Any person, even the drawee himself, may accept a bill supra protest; Byles, Bills *262, and two or more persons may become acceptors supra protest for the honor of differprotest is taken to be for the honor of drawer; P.yles, Bills *2G3. The obligation of an acceptor supra protest is not abs • but only to pay if the drawee do not 391. See Schofield v. Bayard, •". V, Y.) 491; Paring v. Clark, 19: 220; Exeter Bank v. cordon, 8 N. II. •;<;. An acceptor supra protest has his re against the person for whose honor he aecepted, and against all persons ■ prior to that person. If he takes up the bill for the honor of the endorser, he stands in the light of an endorsee paying full value for the bill, and has the same n which an endorsee would be entitl all prior parties, and be can, of cour the drawer and endorser; l Esp. 112; 3 Kent 75; Chit. Bills 312. The acceptor supra protest is required to give the me notice, in order to charge a party, which is necessary to be given by other holders; Baring v. Clark, 19 Pick. (Ml If a bill is accepted and is subsequently dishonored, the acceptor cannot then accept for the honor of the endorser, as he is already bound; 13 Ves. Jr. 180. See Acceptance.

One who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers.