Second Bill with an Assignment.
IF a second unaccepted Bill of Exchange be sent to you from the Party to whom it is payable, with an Assignment on the backside thereof, ordering the Payment to made to your self for the Value received of your Friend or Factor; presently upon re∣ceipt thereof you must present, or cause the same to be presented to the Party on whom it is drawn, to be by him accepted (unless you have the first Bill already accepted;) If the Party on whom it is drawn do refuse to accept the second Bill, pretending that he hath already accepted the first Bill to an∣other Man unknown, or that he cannot name unto you; or if you cannot be actu∣ally possess'd of that first accepted Bill, you ought upon refusal of Acceptance to cause Protest to be made for Non-acceptance of that second Bill; that so upon sending a∣way the Protest, security may be given to your Friend or Factor, that the Mony shall be paid to you at the time, or at leastwise Protest to be entred; for the Party to whom the Bill is directed is not bound by your se∣cond Bill to the Payment of the Mony to you, till he accept the Bills of Exchange ac∣cording to Custom of Merchants, unless he have already accepted the first Bill, and the same be in your custody; for tho as well the Subscribed or Drawer of the Bill of Ex∣change, as the Party who underwrites the Assignment confessing the Value receiv'd, and likewise the Acceptor of the Bill are all of them liable and bound in the Bill of Exchange, yet they are not all immediately bound either to the Deliverer or the Party to whom the Bill is payable, but each Party is bound to him with whom he doth more immediately correspond, as I have more particularly before declar'd.