The NEGOTIABLE INSTRUMENTS ACT, 1881

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 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. [Omitted]