The maturity date of a bill of exchange drawn on 5th March and payable one month after date will be:

Correct option is A

A bill payable one month after date means:
1. Start counting from the date following the date of the bill (i.e., from 6th March).
2. One month after 5th March = 5th April.
3. Add 3 days of grace, as per the Negotiable Instruments Act.
So:
Nominal due date = 5th April Adding 3 days of grace = 8th April
Thus, the maturity date = 8th April
Therefore, the correct answer is:
Option (a) 8th April
Explanation: (a) is correct because after adding the statutory 3 days of grace to the nominal due date (5th April), the matured date becomes 8th April.
Information Booster (Important Points)
1. Bills of exchange always get 3 days of grace, unless otherwise specified.
2. “One month after date” means the same date of the following month (5th March → 5th April).
3. If the maturity date falls on a public holiday, the bill is payable on the preceding business day.
4. If it falls on an emergency holiday, payment is due on the next working day.
5. For “after sight” bills, the period starts from the date of acceptance, not the date of drawing.