Bills of exchange
This query is : Resolved
25 October 2013
By way of example:
A bill drawn on 31 July 2013 payable after one month shall have due date on 31 August 2013. The maturity date shall be three days after the due date ie 3 September 2013.
This is so because 3 days are to be added to the due date to arrive at maturity date.
A bill drawn on 31 July 2013 payable after one month shall have due date on 31 August 2013. The maturity date shall be three days after the due date ie 3 September 2013.
This is so because 3 days are to be added to the due date to arrive at maturity date.
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