Dishonor

To refuse or neglect to accept or to pay negotiable paper at its maturity; also, the failure itself in this respect. Opposed, honor, q. v. The law presumes that if the drawer of a bill of exchange has not had due notice of dishonor he is in- • jured, because otherwise he might have immediately withdrawn effects from the hands of the drawee; and that if the indoraer has not had timely notice the remedy against the parties liable to him is rendered more j)recarious. The consequence, therefore, of neglect of notice is that the party to whom it should have > People V. N. Y. Central R. Co., 29 N. Y. 431 (1864); White V. Leeds, 51 Pa. 189 (1865); 21 id.

406; 53 id. 158; 67 id..34; 14 Hun, 3; 78 N. Y. 56; 15 Pla. 317; 53 Ala. 87. ' La. Civ. Code, arts.

3014-20. ' Cushman v. United States Life Ins. Co., 70 N. Y. 77 been given is discharged from liability.'

See Protest, 21