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Question
If the bill of exchange of two month's duration is accepted on 15th September its maturity date will be __________.
If the bill of exchange of two month's duration is accepted on 15th September its maturity date will be __________.
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Solution
The correct option is B 18th November
Legal Due Date = Date of Bill + Period of Bill + 3 grace Days
Therefore Legal Due Date = 15 th sept + 2 months + 3days
= 15th nov + 3days
=18th Nov
Legal Due Date = Date of Bill + Period of Bill + 3 grace Days
Therefore Legal Due Date = 15 th sept + 2 months + 3days
= 15th nov + 3days
=18th Nov
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