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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 — 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 holder’s rights.

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