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Section 108 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

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[* * *].

 

1. Second sentence omitted by Act 2 of 1985, sec. 7.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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