Question

State whether the following statement is True or False.
Noting charges are payable to the Notary public, in case of honour of a bill.

• A. True
• B. False

Answer 1

The correct option is B False

The above statement is false as the noting charges are paid to the Notary Public in case of dishonour of the bill. When the drawee refuses to pay the amount due to the drawer or the holder of the bill, the latter gets the notary of the bill done. It serves as a proof of the dishonour of the bill against the drawee.