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56

Article 56

Des Lettres de change et Billets à ordre

Commercial Law
Titre I: Du Commerce en général (On Commerce in General)
Chapitre VII: Des Lettres de change et Billets à ordre (On Bills of Exchange and Promissory Notes)

D'après le protêt, faute d'acceptation, le tireur et les endosseurs seront tenus de fournir caution et garantie, pour assurer le payement à l'échéance.

Life lesson: After a non-acceptance protest, the drawer and endorsers must provide security to guarantee payment when the bill comes due.
Notes: Security obligation: upon non-acceptance protest, drawer + endorsers must provide caution/guarantee for maturity payment.
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