Law Maker

CHAPTER IV OF NEGOTIATION · C H A P T E R V O F P R E S E N T M E N T

Section 63: Drawee’s time for deliberation

The Negotiable Instruments Act, 1881

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.

Footnotes in the official text

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

Practise questions on Negotiable Instruments Act, 1881