Section 83 of the Negotiable Instruments Act, 1881 (discharge where the drawee is allowed more than 48…
Under s.83 NI Act, the rule on discharge for allowing the drawee more than forty-eight hours applies to a bill of exchange, not a promissory note, cheque, or currency note.
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Section 83 of the Negotiable Instruments Act, 1881 (discharge where the drawee is allowed more than 48 hours to accept) applies to:
Answer and explanation
Correct answer B
Under s.83 NI Act, the rule on discharge for allowing the drawee more than forty-eight hours applies to a bill of exchange, not a promissory note, cheque, or currency note.
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