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.1. Subs. by Act 12 of 1921, s. 2, for twenty-four.
Chapter VII — OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
Section 83
Discharge by allowing drawee more than forty-eight hours to accept.
Printed from Law on Tips • The Negotiable Instruments Act, 1881