Multiple choice

What will be due date of payment in case of public holiday on maturity date of a sight bill after inclusion of grace days?

  1. Third day

  2. Next day

  3. Previous day

  4. Same day

  5. Second day

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The due date of payment in case of public holiday on maturity date of a sight bill after inclusion of grace days shall be the preceding date of due date for payment. The correct option is (3). The due date of payment shall be on the previous day.