Question

The certificate issued by the Notary public on behalf of a dishonoured bill is known as..............

• A. Garnishee
• B. Protest
• C. Allongue
• D. None of these

Answer 1

Answer:

B. Protest

Protest:

• The certificate issued by a notary public stating the cause for dishonour of a bill is called protest.

• Noting and protest is must for "Foreign bills". 

• Noting and protest can be done by notary public 

• Noting charges is an expenses to the acceptor (Drawee) but it is paid by the drawer at the time of Noting and later it is claimed from the drawee. 

• Noting charges is neither a gain nor loss to the drawer