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Law · Q48

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 48

Q48

As per the Negotiable Instruments Act, 1881, when the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed tobe due on the . . . . . . . . .

A.
Said public holiday
B.
5 days succeeding public holiday
C.
Next succeeding business day
D.
Next preceding business day
Answer

Answer: Option D

Solution

Answer: Option D
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