Q391
Noting charges are paid at the time of
A.
Renewal of the bill
B.
Retirement of the bill
C.
Dishonor of the bill
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Noting charges are paid at the time of Dishonor of the bill. When a Bill of Exchange is dishonoured, in order to prove the fact, the drawer (or holder) may get the bill of exchange noted and protested through a public official known as “Notary Public” Noting is the recording of the fact of dishonour by a Notary public which becomes an evidence of dishonour.