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Which of the following is correct for presenting bill to notary public:
- a)To pay fees to notary public
- b)For “ bill for collection”
- c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.
- d)For drawing a fresh bill
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is correct for presenting bill to notary public...
Presenting Bill to Notary Public
Introduction
A notary public is a public official who is authorized to perform certain legal functions, such as witnessing signatures, taking oaths, and certifying documents. When it comes to bills, a notary public can be involved in the process of presentment and protest.
Bill Presentment
When a bill is presented to the party who is supposed to pay it, this is called presentment. The bill must be presented in the correct way, and within a certain period of time, or the party who is supposed to pay it may be able to escape liability.
Correct Answer Explanation
Option C, "If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced," is the correct answer for presenting a bill to a notary public. This is because a notary public can be involved in the process of protest, which is a formal declaration that a bill has been dishonored.
Other Options Explanation
Option A, "To pay fees to notary public," is not correct because a notary public typically does not charge a fee for presentment or protest. Option B, "For bill for collection," is not correct because this does not relate directly to the process of presenting a bill to a notary public. Option D, "For drawing a fresh bill," is not correct because this relates to the creation of a new bill, rather than the presentation of an existing one.
Conclusion
When presenting a bill to a notary public, it is important to follow the correct procedures for presentment and protest in order to ensure that the party who is supposed to pay the bill can be held liable. By understanding these procedures, individuals can ensure that their bills are properly presented and protested, and that they receive the payment they are owed.
Introduction
A notary public is a public official who is authorized to perform certain legal functions, such as witnessing signatures, taking oaths, and certifying documents. When it comes to bills, a notary public can be involved in the process of presentment and protest.
Bill Presentment
When a bill is presented to the party who is supposed to pay it, this is called presentment. The bill must be presented in the correct way, and within a certain period of time, or the party who is supposed to pay it may be able to escape liability.
Correct Answer Explanation
Option C, "If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced," is the correct answer for presenting a bill to a notary public. This is because a notary public can be involved in the process of protest, which is a formal declaration that a bill has been dishonored.
Other Options Explanation
Option A, "To pay fees to notary public," is not correct because a notary public typically does not charge a fee for presentment or protest. Option B, "For bill for collection," is not correct because this does not relate directly to the process of presenting a bill to a notary public. Option D, "For drawing a fresh bill," is not correct because this relates to the creation of a new bill, rather than the presentation of an existing one.
Conclusion
When presenting a bill to a notary public, it is important to follow the correct procedures for presentment and protest in order to ensure that the party who is supposed to pay the bill can be held liable. By understanding these procedures, individuals can ensure that their bills are properly presented and protested, and that they receive the payment they are owed.
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Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer?.
Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is correct for presenting bill to notary public:a)To pay fees to notary publicb)For “ bill for collection”c)If the acceptor can prove that the bill was not properly presented to him for payment, he can escape the liability, hence for dishonour it is produced.d)For drawing a fresh billCorrect answer is option 'C'. Can you explain this answer?.
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