83: Discharge by allowing drawee more than forty-eight hours to accept — Negotiable Instruments Act, 1881

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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.

Effective date: 1881-12-09

Related sections

82: Discharge from liability 84: When cheque not duly presented and drawer damaged thereby 81: Delivery of instrument on payment, or indemnity in case of loss 85: Cheque payable to order 80: Interest when no rate specified 85A: Drafts drawn by one branch of a bank on another payable to order

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