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Question
Write True or False
Noting charges are payable to the Notary public on honour of a bill.
Options
True
False
MCQ
True or False
Solution
False
Explanation: Noting charges are paid to the Notary Public, who makes a note of the fact that the acceptor has refused to make the payment on the bill of exchange, i.e. the bill has been dishonoured.
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Basic Term of Bills of Exchange - Noting Charges
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RELATED QUESTIONS
Answer the following question in one sentence only.
What are Noting Charges?
Noting charges are payable to the Notary public, in case of honour of a bill.
Give word/term or phrase for the following statement.
Officer appointed by the Central Government for noting of dishonor of a bill
Give word / term or phrase for the following statement.
Fees charged by the Notary public on dishonour of a bill.
