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A debt has a maturity date of November 1, 2004. Payment was made on November 1, 2005 but demand was made on June 1, 2005. If the debtor is made liable for interest, the interest shall commence to run on

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Question:

A debt has a maturity date of November 1, 2004. Payment was made on November 1, 2005 but demand was made on June 1, 2005. If the debtor is made liable for interest, the interest shall commence to run on

A.

November 1, 2004.

B.

June 1, 2005.

C.

The date the obligation was incurr

Answer» b. June 1, 2005.

Note: The above multiple-choice question is for all general and Competitive Exams in India.