alleryUnder Section 63, when a bill is presented to the drawee for acceptance, he may be allowed:
A24 hours
B48 hours (exclusive of public holidays) to consider acceptance
CNo time at all
DOne week
Answer & Solution
Correct answer: B. 48 hours (exclusive of public holidays) to consider acceptance
Section 63 allows the drawee 48 hours, excluding public holidays, to decide whether to accept a bill presented for acceptance, if the holder so requires.
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