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      Question

      Who issues the notice of dishonor?

      A Holder Correct Answer Incorrect Answer
      B Drawer Correct Answer Incorrect Answer
      C Drawee Correct Answer Incorrect Answer
      D Acceptor Correct Answer Incorrect Answer

      Solution

      In the case of dishonour of a negotiable instrument by non-acceptance or non-payment, a liable holder should notify all the parties of his liability by issuing a notice of dishonour.

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