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Section 24 - Calculating maturity of bill or note payable so many days after date or sight : Negotiable Instruments Act 1881

What is the method of Calculating maturity of bill or note payable so many days after date or sight? Calculating maturity of bill or note payable so many days after date or sight is defined under Section 24 of Negotiable Instruments Act 1881

 

Sales of Goods act Important Questi...
Sales of Goods act Important Questions

 

Section 24 of Negotiable Instruments Act 1881: "Calculating maturity of bill or note payable so many days after date or sight"

In calculating the date at which a promissory note or bill of exchange made payable a certain number of days after date or after sight or after a certain event is at maturity, the day of the date, or of presentment for acceptance or sight, or of protest for non-acceptance, or on which the event happens, shall be excluded.

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