Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)


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Art. 1057

c. Li­ab­il­ity of the ac­cept­or for hon­our, ef­fect on right of re­course

 

1 A per­son ac­cept­ing a bill for hon­our is li­able to the hold­er and the sub­sequent en­dors­ers of the per­son for whom he in­ter­vened in the same man­ner as said per­son.

2 In spite of the ac­cept­ance for hon­our the party in whose hon­our the bill of ex­change was ac­cep­ted and his pre­ced­ing en­dors­ers may in­sist that the hold­er sur­render the bill of ex­change and the protest made, if any, to­geth­er with a re­ceipted in­voice against re­im­burse­ment of the amount spe­cified in Art­icle 1045.

 
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