Section 108 NI Act — Acceptance for honour

The Negotiable Instruments Act, 1881 · Official PDF page 24

108. Acceptance for honour. —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***

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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