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      Question

      The holder must allow the drawee of a bill of exchange

      ……….. to consider whether he will accept it or not.
      A One week Correct Answer Incorrect Answer
      B Three days Correct Answer Incorrect Answer
      C Twenty-four hours Correct Answer Incorrect Answer
      D Forty-eight hours Correct Answer Incorrect Answer

      Solution

      Section 63 of NI Act: Drawee’s time for deliberation—The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee forty-eight hours (exclusive of public holidays) to consider whether he will accept it.

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