Q340
When will the bill mature if the date of maturity of a bill is a holiday
A.
Holiday itself
B.
Other agreed day
C.
Preceding working day
AnswerD.
Next working day
Answer: Option C
Solution
Answer: Option C
Solution:
Preceding working day the bill will mature if the date of maturity of a bill is a holiday, where the date of maturity is a public holiday, the instrument will become due on the preceding business day.