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        Indian Laws

        Section 108 - Acceptance for honour

        Negotiable Instruments Act, 1881
        Chapter XI
        Of Acceptance and Payment for Honour and reference in case of need

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        Acceptance for honour allows a third party, with the holder's consent, to accept a bill to protect another party. Acceptance for honour allows a person not already liable to, with the holder's consent and by writing on the bill, accept a bill of exchange for the honour of any party when the bill has been noted or protested for non-acceptance or for better security.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Acceptance for honour allows a third party, with the holder's consent, to accept a bill to protect another party.

                                Acceptance for honour allows a person not already liable to, with the holder's consent and by writing on the bill, accept a bill of exchange for the honour of any party when the bill has been noted or protested for non-acceptance or for better security.


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