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When a holiday intervenes on the maturity date of an instrument, the instrument is deemed to fall due on:

Answer & Solution
Correct answer: A.
1. Section 25 — when a public holiday falls on the day on which the instrument falls due, it is deemed due on the NEXT PRECEDING BUSINESS DAY. 2. Three days of grace are added before checking for a holiday. 3. Hence (B). _Source: ICAI BoS CA Inter Paper 2 — Negotiable Instruments Act 1881_
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