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

Next following day

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Preceding business day

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Last day in same week

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Same day

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Solution

The correct option is D Next following day
When the day on which a promissory note or bill of exchange is at maturity (after including days of grace) is a public holiday, the instrument shall be deemed to be due on the preceding business day. But if the holiday happens to be emergency or unforeseen holiday then the date shall be the next following day.

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

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