Noting charges are paid at the time of

A. Renewal of the bill

B. Retirement of the bill

C. Dishonor of the bill

D. None of the above

Answer: Option C

Solution(By Examveda Team)

Noting charges are paid at the time of Dishonor of the bill. When a Bill of Exchange is dishonoured, in order to prove the fact, the drawer (or holder) may get the bill of exchange noted and protested through a public official known as “Notary Public” Noting is the recording of the fact of dishonour by a Notary public which becomes an evidence of dishonour.