Discharge by allowing drawee delay: prior parties not consenting are discharged from liability to the holder. If the holder permits the drawee an extended time to consider acceptance, exclusive of public holidays, prior parties who did not consent to that allowance are discharged from liability to the holder.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Discharge by allowing drawee delay: prior parties not consenting are discharged from liability to the holder.
If the holder permits the drawee an extended time to consider acceptance, exclusive of public holidays, prior parties who did not consent to that allowance are discharged from liability to the holder.
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