This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 81. - A bank negotiates an unaccepted bill of exchange drawn upon three persons who are not partners. Two of these accept but the third refuses, and the draft is protested, for non-acceptance by him. The bill is not paid at maturity. What is the position of the bank as regards its claim upon the two who have accepted?
Answer. - The parties who did accept must be regarded as acceptors of the bill, and under all the liabilities which the law attaches to them as such.
 
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