Question

days of grace are not allowed in the trade bill true out false


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Answer 1

here is your answer ✨

☞Maturity means the date on which a bill of exchange falls due for payment. The date of maturity is to be calculated in respect of bills which are payable after a specified time. In arriving at the maturity date three days, known as days of grace, must be added to the date on which the period of credit expires instrument is payable. Though cheque is exception to this rule as days of grace is not allowed for cheques.✨

☞so your answer is true ✨