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THE NEGOTIABLE INSTRUMENTS ACT, 1881 · OF DISCHARGE FROM LIABILITY ON NOTES,BILLS AND CHEQUES

Section 83 — Discharge by allowing drawee more than forty-eight hours to accept

If the holder of a bill of exchange allows the drawee more than 1[forty-eight] hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharge from liability to such holder.