As per the Negotiable Instruments Act 1881 when the day on which a promissory note or bill of exchan...........

Commercial and Business Laws Negotiable Instrument Act

As per the Negotiable Instruments Act, 1881, when the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the …….……..

said public holiday

5 days succeeding public holiday

next succeeding business day

next preceding business day

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Explanation:

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day.