Question
What is an "acceptor for honour" in the context of a
bill of exchange?Solution
Section 7 âAcceptor for honourâ.â 4 [When a bill of exchange has been noted or protested for non-acceptance acceptance or for better security, and any person accepts it supra protest for honour of the drawer or of any one of the indorsers, such person is called an âacceptor for honourâ.
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