Start learning →

A drawee may require the holder to allow him how long, excluding public holidays, to decide on acceptance?

AForty-eight hours
BSeventy-two hours
CTwelve hours
DTwenty-four hours
Answer & Solution
Correct answer: A. Forty-eight hours
The Act allows the drawee forty-eight hours, exclusive of public holidays, to consider acceptance.
Practise this question with Quill — CA Foundation →

Keep practising Bills of Exchange and Promissory Notes

Browse all Bills of Exchange and Promissory Notes questions for CA Foundation, or explore more Accounting topics.

Start a Bills of Exchange and Promissory Notes lesson →
Related questions