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प्रश्न
State True or False with reason:-
If a bill is drawn payable ‘on-demand’ no grace days are allowed.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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उत्तर
This statement is True.
‘On-demand’ means the amount of the bill is to be paid by drawee immediately on presentation of the bill as no time period is mentioned on it. In demand bill 3 days grace are not allowed by law.
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