Mon. Oct 19th, 2020

Section 83 of The Negotiable Instruments Act, 1881

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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 discharged from liability to such holder.

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