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


 
Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Negotiable Instruments Act 1881
Act Number Enactment Date Chapter Number
26 09.12.1881 7
Chapter Title Ministry Department
Of Discharge from Liablity on Notes, Bills and Cheques Ministry of Finance Department of Financial Services

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.

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1. Substituted by Act 12 of 1921, sec. 2 for “twenty-four”.

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