Section 63: Drawee’s time for deliberation

The Negotiable Instruments Act, 1881

Chapter- V Of Presentment

Section 63: Drawee’s time for deliberation.

63. The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee 1[forty-eight] hours (exclusive of public holidays) to consider whether he will accept it.


Reference

1. Subs. by Act 12 of 1921, s. 2, for “twenty-four”

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