When due date is a public holiday, then which day will be the due date?

Next business day

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Preceding business day

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Last business day in the same week

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Same day

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Solution

The correct option is B Preceding business day
In case due date for payment of loan or any other obligation falls on Public holiday Saturday/ Sunday. Then it is payable on day earlier or later to due date.
thus, due date will be on preceding business day.

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When due date is an emergency/ unforeseen holiday, then which day will be the due date?

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