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      Question

      A 90-day bill is presented and dishonoured. Notary notes

      dishonour but drawer wants it legally protested. Is protest required?
      A Yes always Correct Answer Incorrect Answer
      B Only for bills payable abroad Correct Answer Incorrect Answer
      C Only when specified Correct Answer Incorrect Answer
      D No тАФ noting suffices Correct Answer Incorrect Answer
      E Paid by banker Correct Answer Incorrect Answer

      Solution

      Protest (formal declaration) is only required for international bills to preserve holderтАЩs rights.

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