If the bill of exchange of two month's duration is accepted on 15th September its maturity date will be __________.
A
15th November
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B
18th November
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C
19th November
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D
16th November
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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