Section 23 of NIA : Section 23: Calculating Maturity Of Bill Or Note Payable So Many Months After Date Or Sight
NIA
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Explanation using Example
Imagine a situation where a business owner, John, issues a promissory note to his supplier, Dave, on April 30th, 2023, promising to pay $10,000 three months after the note's date. According to Section 23 of The Negotiable Instruments Act, 1881, the maturi...
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