In case presentation of instrument for acceptance or payment is delayed, . . . . . . .
A. The responsibility of all the parties thereto end
B. It becomes ineligible for payment
C. The delay can be excused if it is caused by circumstances outside the control of the holder and not because of his negligence, default or misconduct
D. The delay can be excused if it is caused by circumstances outside the control of the holder, or due to his negligence, but not if caused due to default or misconduct
Answer: Option C
This Question Belongs to Law >> Negotiable Instruments Act
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