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

The Negotiable Instruments Act, 1881 · Official PDF page 20

Open in NyayaOfficial PDF, page 20

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 discharge from liability to such holder.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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