erson intervening is bound to give, within two business days, notice of his intervention to the party for whose honour he has intervened. In default, he is responsible for the injury, if any, due to his negligence, but the damages shall not exceed the amount of the bill of exchange.
2. Acceptance by intervention (for Honour)
Article 56
There may be acceptance by intervention in all cases where the holder has a right of recourse before maturity on a bill which is capable of acceptance.
When the bill of exchange indicates a person who is designated to accept or pay it in case of need at the place of payment, the holder may not exercise his rights of recourse before maturity against the person naming such referee in case of need and against subsequent signatories, unless he has presented the bill of exchange to the referee in case of need and until, if acceptance is refused by the latter, this refusal has been authenticated by a protest.
In other cases of intervention the holder may refuse an acceptance by intervention. Nevertheless, if he allows it, he loses his right of recourse before maturity against the person on whose behalf such acceptance was given and against subsequent signatories.
Article 57
Acceptance by intervention is specified on the bill of exchange. It is signed by the person intervening. It mentions the person for whose honour it has been given and, in default of such mention, the acceptance is deemed to have been given for the honour of the drawer.
Article 58
The acceptor by intervention is liable to the holder and to the endorsers, subsequent to the party for whose honour he intervened, in the same manner as such party.
Notwithstanding an acceptance by intervention, the party for whose honour it has been given and the parties liable to him may require the holder, in exchange for payment of the sum mentioned in Article 48, to deliver the bill, the protest, and a receipted account, if any.
3. Payment by intervention
Article 59
Payment by intervention may take place in all cases where, either at maturity or before maturity, the holder has a right of recourse on the bill.
Payment must include the whole amount payable by the party for whose honour it is made.
It must be made at the latest on the day following the last day allowed for drawing up the protest for non-payment.
Article 60
If a bill of exchange has been accepted by persons intervening who are domiciled in the place of payment, or if persons domiciled there have been named as referees in case of need, the holder must present the bill to all these persons and, if necessary, have a protest for non-payment drawn up at the latest on the day following the last day allowed for drawing up the protest.
In default of protest within this limit of time, the party who has named the referee in case of need, or for whose account the bill has been accepted, and the subsequent endorsers, are discharged.
Article 61
The holder who refuses payment by intervention loses his right of recourse against any persons who would have been discharged thereby.
Article 62
Payment by intervention must be authenticated by a receipt given on the bill of exchange mentioning the person for whose honour payment has been made. In default of such mention, payment is deemed to have been made for the honour of the drawer.
The bill of exchange and the protest, if any, must be given up to the person paying by intervention.
Article 63
The person paying by intervention acquires the rights arising out of the bill of exchange against the party for whose honour h
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