NYAYA SIGNAL
Central · 1881 · Section 83

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

The Negotiable Instruments Act, 1881

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.

Source notes

1. Subs. by Act 12 of 1921, s. 2, for twenty-four.