Q What are three additional days known as that a drawer gives to the drawee for payment?


A. Conditional days
B. Additional days
C. Days of grace
D. Days of rebate

Correct Answer: C

Explanation:
Three additional days given by a drawer to the drawee for payment are known as "days of grace." These days are typically added to the due date of a bill of exchange or promissory note, allowing the drawee additional time to make payment without incurring penalties or default.

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