Question

On $\mathrm{1.8.2000},X$ draws a bill on $Y$ "for $30$ days after sight". The date of acceptance is $\mathrm{8.8.2020}$. The maturity date of the bill will be : ________.

• A. $\mathrm{3.9.2020}$
• B. $\mathrm{10.9.2020}$
• C. $\mathrm{4.9.2020}$
• D. $\mathrm{9.9.2020}$

Answer 1

Answer: (B)

$\mathrm{10.9.2020}$

If bill is drawn using words after sight then calculation will start from the date of acceptance. $30$ days from $\mathrm{8.8.2020}$ comes to $\mathrm{7.9.2020}+3$ grace days; hence date of maturity $\mathrm{10.9.2020}$.