Time paper that states it is due on July 1,a Sunday,is overdue on:
A) July 1.
B) July 2.
C) July 3.
D) It depends on when the instrument is presented for payment.

Question

Quizplus · Accepted Answer

Since July 1 is a Sunday, the time paper would be considered overdue on the next business day, which would be July 2. However, since July 2 is also a holiday in some countries, it would be safe to say that the time paper would be overdue on July 3 (the next business day after July 2) in those countries.

Time Paper That States It Is Due on July 1,a