Negotiable Instruments Act : Discharge by allowing drawee more than forty-eight hours to accept. Indian

Negotiable Instruments Act,1881

Act No : 26

Section : 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 1[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 discharged from liability to such holder.