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प्रश्न
Write True or False.
A bill of which payment to make on fixed period is after date bill.
विकल्प
True
False
MCQ
सत्य या असत्य
उत्तर
True
Explanation: When a bill is drawn ‘after date’, the term of the bill starts from the date of drawing of the bill. Three days of grace are also allowed on such bills. For example, a bill of exchange drawn on January 23, 2014 is payable 2 months after date. The due date of the bill after adding the days of grace will be March 26, 2014.
shaalaa.com
Important Terms of Bills of Exchange - Days of Grace
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संबंधित प्रश्न
Give word/term or phrase for the following statement.
The three extra days which are allowed over and above the period of the bill.
Give word / term or phrase for the following statement.
The three extra days which are allowed over and above the period of the bill.
Select the most appropriate alternative from those given below and rewrite the statement.
____________ extra days are allowed over and above the period of the bill.
