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      Question

      When the day on which a promissory note or bill of

      exchange is at maturity (after including days of grace) is a public holiday (except emergency or unforeseen holiday), the instrument shall be deemed to be due on the ______.
      A Preceding business day Correct Answer Incorrect Answer
      B Two days after the holiday Correct Answer Incorrect Answer
      C Next following day Correct Answer Incorrect Answer
      D Subsequent business day Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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