Default Interest Rate on Bills

PPB Laws Relating to Bill Finance Free JAIIB Capsule 29 views Updated
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PPB · Laws Relating to Bill Finance
If a bill of exchange does not explicitly specify an interest rate, what default rate is applicable under Section 80 of the NI Act?
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If a bill of exchange does not explicitly specify an interest rate, what default rate is applicable under Section 80 of the NI Act?

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This capsule covers Principles & Practices of Banking, Laws Relating to Bill Finance. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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