Section 63 of the Negotiable Instruments Act deals with:
Section 63 NI Act lets the drawee require the holder to allow him "forty-eight hours (exclusive of public holidays) to consider whether he will accept it". The discharge of…
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Section 63 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 63 NI Act lets the drawee require the holder to allow him "forty-eight hours (exclusive of public holidays) to consider whether he will accept it". The discharge of previous parties when the holder allows more than forty-eight hours is a different rule, in s.83.
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