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Uniform Motion

If the due da...

Question

If the due date is a public holiday, what will be the due date of the bill ?

A

Following day

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B

Preceding day

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C

The same day only

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D

One month later

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Solution

The correct option is C Preceding day
When the date of maturity is a public holiday, the bill becomes due on the preceding business day. In case if January 26, falls on a public holiday then the January 25 will be the maturity date.

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