NYAYA SIGNAL
Central · 1881 · Section 108

Section 108 — Acceptance for honour.

The Negotiable Instruments Act, 1881

When a bill of exchange has been noted or protested for nonacceptance 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***

Source notes

1. The second sentence rep. by s. 7, ibid,.