Under Section 63 of the Negotiable Instruments Act, 1881, the person who must allow the drawee time to…
Under s.63 NI Act, it is the holder who must allow the drawee forty-eight hours to consider acceptance, not the drawer, payee, or a bank officer.
Choose your answer
Under Section 63 of the Negotiable Instruments Act, 1881, the person who must allow the drawee time to consider whether he will accept a bill of exchange is:
Answer and explanation
Correct answer B
Under s.63 NI Act, it is the holder who must allow the drawee forty-eight hours to consider acceptance, not the drawer, payee, or a bank officer.
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