LawgistThe Negotiable Instruments Act
83Discharge by allowing drawee more than forty-eight hours to accept
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.
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1. Subs. by Act 12 of 1921, s. 2, for twenty-four.
OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
- 82 Discharge from liability
- 83 Discharge by allowing drawee more than forty-eight hours to accept
- 84 When cheque not duly presented and drawer damaged thereby
- 85 Cheque payable to order
- 85A Drafts drawn by one branch of a bank on another payable to order
- 86 Parties not consenting discharged by qualified or limited acceptance
- 87 Effect of material alteration
- 88 Acceptor or indorser bound notwithstanding previous alteration
- 89 Payment of instrument on which alteration is not apparent
- 90 Extinguishment of rights of action on bill in acceptor's hands
