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On the date of maturity, Arun (acceptor) requested to Santhosh (drawer) to cancel the old bill and draw a new bill upon him for a period of 2 months. Santhosh agrees to this. It is a case of …… |
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Answer» On the date of maturity, Arun (acceptor) requested to Santhosh (drawer) to cancel the old bill and draw a new bill upon him for a period of 2 months. Santhosh agrees to this. It is a case of Renewal of bill . |
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