Law · Banking Law and Negotiable Instruments Act
Under the Negotiable Instruments Act, 1881, which of the following correctly distinguishes between 'Noting' and 'Protest' when a bill of exchange is dishonoured?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Noting consists of a minute made by a Notary Public on the bill about dishonour, whereas Protest is a formal certificate attesting the dishonour.✓
- 2Noting applies to inland bills, while Protest applies only to promissory notes.
- 3Noting and Protest are identical terms without technical differences.
- 4Noting is made by the holder, while Protest is issued by a High Court judge.
Correct answer
Noting consists of a minute made by a Notary Public on the bill about dishonour, whereas Protest is a formal certificate attesting the dishonour.
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