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: A Protest certificate strengthens the holder's position in legal proceedings and is often required for foreign bills of exchange to be eligible for recourse. Reason R: The Notary Public formally declares the dishonor of the instrument and records the details in a protest certificate, which serves as conclusive evidence of 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
Both A and R are correct and R is the correct explanation of A
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