Act No. 2031 Section 137

Liability of drawee retaining or destroying bill.

Section 137

SEC. 137. Liability of drawee retaining or destroying bill.— Where a drawee to when a bill is delivered for acceptance destroys the same, or refuses within twenty-four hours after such delivery, or within such other period as the holder may allow, to return the bill accepted or nonaccepted to the holder, he will be deemed to have accepted the same.

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CitationAct No. 2031 Section 137 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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