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Negotiable Instruments Act, 1881

  1. Home
  2. Bare Acts
  3. Negotiable Instruments Act, 1881
  4. Chapter CHAPTER-11

Chapter -11

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

1/9
Section 108

Acceptance for honour

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***

Footnote

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

Prev Chapter

-10: OF REASONABLE TIME

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