Bills of Exchange. [Ch. 31. No. 5.

by the holder or his agent. In such case any indorser who
would have had a right of recourse against the party whose
signature is cancelled, is also discharged.

(3) A cancellation made unintentionally, or under a
mistake, or without the authority of the holder, is
inoperative; but where a bill or any signature thereon
appears to have been cancelled, the burden of proof lies
on the party who alleges that the cancellation was made
unintentionally, or under a mistake, or without authority.

64. (1) Where a bill or acceptance is materially altered
without the assent of all parties liable on the bill, the bill is
avoided except as against a party who has himself made,
authorised, or assented to the alteration, and subsequent
indorsers :

Provided that where a bill has been materially altered, but
the alteration is not apparent, and the bill is in the hands of
a holder in due course, such holder may avail himself of the
bill as if it had not been altered, and may enforce payment
of it according to its original tenor.

(2) In particular the following alterations are material,
namely, any alteration of the date, the sum payable, the
time of payment, the place of payment, and, where a bill
has been accepted generally, the addition of a place of
payment without the acceptor’s assent.

Acceptance and payment for honour.

65. (1) Where a bill of exchange has been protested for
dishonour by non-acceptance, or protested for better
security, and is not overdue, any person, not being a party
already liable thereon, may, with the consent of the holder,
intervene and accept the bill supra protest, for the honour of
any party liable thereon, or for the honour of the person for
whose account the bill is drawn.

(2) A bill may be accepted for honour for part only of
the sum for which it is drawn.

(3) An acceptance for honour supr@ protest in order to
be valid must—

(a) be written on the bill, and indicate that it is an
acceptance for honour;

(b) be signed by the acceptor for honour.

783

Alteration
of bill.

Acceptance
for honour
supra
protest.