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Question
Noting charges are paid when a bill is ____.
Options
honoured
- dishonoured
renewed
retired
MCQ
Solution
Noting charges are paid when a bill is dishonoured.
Explanation:
In order to get an evidence of the dishonour of a bill, the drawer gets the bill notified in the Notary Public. Noting charges are paid to avail such service. Therefore, dishonour of bill requires payment of noting charges.
Hence, the correct answer is option (b).
shaalaa.com
Dishonour of Bill
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Answer the following question in one sentence only.
When is the bill said to be dishonoured?
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Nonpayment in accordance with the apparent tenor of the bill.
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