Negotiable Instruments Act, 1881

Chapter 11 Of Acceptance and Payment for Honour and Reference in Case of Need

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.

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