Cap. 13 · Commercial Code (Cap. 13)
Cap. 13 Art. 231Holder cannot refuse acceptance or payment for honour.
Sub-title I
(1) The holder of a bill which has been protested for non-
acceptance or non-payment cannot refuse the acceptance or payment offered by a party intervening for the honour of the drawer or any of the endorsers.
(2) Nevertheless, any such acceptance for honour shall not operate so as to bar the holder from demanding the security mentioned in article 154.