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The Negotiable Instruments Act, 1881

Chapter VII — OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES

Section 83Discharge by allowing drawee more than forty-eight hours to accept

Read in the full Act
Section 83: Discharge by allowing drawee more than forty-eight hours to accept

83. Discharge by allowing drawee more than forty-eight hours to accept

If the holder of a bill of exchange allows the drawee more than [forty-eight] hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharge from liability to such holder.

Amendment notes (1)
  1. Subs . Subs. by Act 12 of 1921, s. 2, for twenty-four.