Question 48.— A bank negotiates an unaccepted bill of exchange drawn upon three persons who are not partners. Two of these accept but the third refuses, and the draft is protested, for non-acceptance by him. The bill is not paid at maturity. What is the position of the bank as regards its claim upon the two who have accepted?

Answer.—The parties who did accept must be regarded as acceptors of the bill, and under all the liabilities which the law attaches to them as such.