NIA Section 83

Negotiable Instruments Act

US
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NIAChapter VII

S. 83

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

Description

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.

By Raman Devgan
Updated: 16 Aug 2018
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