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

Chapter VII · Of Discharge from Liability on Notes, Bills and Cheques

83Discharge by allowing drawee more than forty-eight hours to accept.

Section 83 · Chapter VII · page 20 of the Act

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”.

Section 83 of The Negotiable Instruments Act, 1881 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.