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Art. 1046

220COFederal ActJan 1, 1912Original source

A party that has honoured the bill of exchange may claim from his preceding endorsers:

  1. the full amount he paid;
  2. the interest on such amount at a rate of six per cent since the date on which the bill was honoured;
  3. his expenses;
  4. a commission of no more than 2 thousandths.

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