Section 25 of the Negotiable Instruments Act deals with:
Section 25 provides that when the day of maturity "is a public holiday, the instrument shall be deemed to be due on the next preceding business day". Days of grace are added…
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Section 25 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 25 provides that when the day of maturity "is a public holiday, the instrument shall be deemed to be due on the next preceding business day". Days of grace are added under s.22, periods in days are reckoned under s.24, and acceptance by several drawees is dealt with in s.34.
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