Question

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

• A. Following day
• B. Preceding day
• C. The same day only
• D. One month later

Answer 1

Answer: (B)

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.