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    Question

    Formal Certificate of dishonor issued by the Notary Public to the holder of Bill or Note on his demand, is called as:

    A Endorsement Correct Answer Incorrect Answer
    B Indorsement Correct Answer Incorrect Answer
    C Protest Correct Answer Incorrect Answer
    D Noting Correct Answer Incorrect Answer

    Solution

    Noting- When a note or a bill has been dishonoured by non-acceptance or non-payment, the holder causes such dishonour to be noted by a Notary Public. Noting is a minute recorded by a notary public on the dishonoured instrument Protest- When an instrument is dishonoured, the holder may cause the fact not only to be noted, but also to be certified by a Notary Public that the bill has been dishonoured. Such a certificate is referred to as a protest.

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