Multiple Choice Questions on If the holder of a bill of exchange allows the drawee more than hours exclusive of public holidays t........... for SEBI Grade A ( Officer) Exam Preparation

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    If the holder of a bill of exchange allows the drawee more than ___ hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharged from liability to such holder.

    24

    Incorrect Answer

    12

    Incorrect Answer

    36

    Incorrect Answer

    48

    Correct Answer

    60

    Incorrect Answer
    Explanation:

    If the holder of a bill of exchange allows the drawee more than 48 hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharged from liability to such holder.


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