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    Question

    Noting charges are ultimately borne by

    the:
    A Holder of the bill Correct Answer Incorrect Answer
    B Drawer of the bill Correct Answer Incorrect Answer
    C Drawee of the bill Correct Answer Incorrect Answer
    D Notary Public Correct Answer Incorrect Answer

    Solution

    Noting charges are initially paid by the holder of the bill to the notary public for formally recording the dishonour. However, these charges are recoverable from the drawee (the party who dishonoured the bill). If the drawee defaults, the drawer ultimately bears the cost.

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