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A Bill of Exchange dated 24 December, 2008 for ` 6,389 has been made payable 60 days after acceptance, and it has been duly accepted (for payment) on 29 December, 2008.

(i) When will the bill actually fall due for payment? Give reasons for your answer.

(ii) When will the bill fall due for payment, if it is made payable ninety days after date (other particulars remaining the same)? Given reasons for your answer.

(iii) What amount of stamp duty will be exigible on the Bills of Exchange mentioned at 4 (i) and 4 (ii) in the following cases?

(a) If the Bill is drawn in Calcutta and is payable in Lucknow, and (b) If the Bill is drawn in Mumbai and is payable in Chennai.


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