What is meant by maturity of an instrument

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• BUSINESS LAW
•  
• Q1).a) What is a breach of contract?
• b) What do you understand by an
  anticipatory breach of contract?
• c)State the rights of the promise in case
  of anticipatory breach.
• Q2).a)State the effect of death, insanity and
  insolvency of the principal or agent on a
  contract of agency.
• b) When does termination of agency takes
  effect?
• c) When is an agency irrevocable?

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• Q3). Discuss the common features of a promissory
  note, bill of exchange and cheque.
• Q4). a) What is meant by maturity of an
  instrument?
• b)What is meant by day of grace?
• c)Explain the provision relating to the
  calculation of date of maturity.
• Q5).Explain with example the doctrine of
  supervening impossibility.
• Q6) a) What are the agreements by way of wager?
• b)State the legal effect of such
  agreements.
• c)Is a contract of insurance a wager?

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• Q7) .No action is allowed on an illegal
  agreement. Comment and state the exceptions
• (if any) to this rule.
• Q8) a) Define Coercion.
• b)State the effect of Coercion on the
  validity of a contract.
• c)Does the threat of commit suicide
  amount to Coercion?
• d)On whom the burden of proof lies in
  case of Coercion

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