Law · Negotiable Instruments Act, 1881
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The process of Noting automatically discharges the negotiable instrument and frees the drawer from any liability to compensate the holder. Reason R: Noting is a process where a Notary Public or authorized official officially records the factual details of a negotiable instrument's dishonor. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct✓
Correct answer
A is not correct but R is correct
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