Section 109 - How acceptance for honour must be made, Section 110 - Acceptance not specifying for whose honour it is made : Negotiable Instruments Act 1881

How acceptance for honour must be made? Acceptance not specifying for whose honour it is made? How acceptance for honour must be made and Acceptance not specifying for whose honour it is made are defined under Section 109 and 110 of Negotiable Instruments Act 1881 

 

Section 109 of Negotiable Instruments Act 1881: "How acceptance for honour must be made"

A person desiring to accept for honour must, by writing on the bill under his hand, declare that he accepts under protest the protested bill for the honour of the drawer or of a particular indorser whom he names, or generally for honour.

 

Section 110 of Negotiable Instruments Act 1881: "Acceptance not specifying for whose honour it is made"

Where the acceptance does not express for whose honour it is made, it shall be deemed to be made for the honour of the drawer.

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