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4. (i) Calculate the date of maturity of bill of exchange drawn on 1.6.2019, payable...

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4. (i) Calculate the date of maturity of bill of exchange drawn on 1.6.2019, payable 120 days after considering the relevant provisions of the Negotiable Instruments Act, 1881. (ii) Chandra issues a cheque for 50,000/- in favour of Daye. Chandra has sufficient amount in his account with the Bank. The cheque was not presented within reasonable time to the Bank for payment and the Bank, in the meantime, became bankrupt. Decide under the provisions of Negotiable Instruments Act, 1881, whether Daye can recover the money from Chandra

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