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CHAPTER XI OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED

Section 108: Acceptance for honour

The Negotiable Instruments Act, 1881

When a bill of exchange has been noted or protested for non-acceptance or for better security, any person not being a party already liable thereon may, with the consent of the holder, by writing on the bill, accept the same for the honour of any party thereto. 1***

Footnotes in the official text

  1. 1.The second sentence rep. by Act 2 of 1885, s. 7.

Practise questions on Negotiable Instruments Act, 1881