LPL4805 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 20 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
LPL4805 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 20 August 2024
LPL4805 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 20 August 2024
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LPL4805 Assignment 1 Semester 2
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, LPL4805 Assignment 1 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 20 August 2024 ; 100%
TRUSTED Complete, trusted solutions and explanations.
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. Question 1.
Explain the purpose of notarial noting and protest an indicate its procedural
benefit. (7)
Purpose of Notarial Noting and Protest
Notarial noting and protest are procedures used primarily in the
context of negotiable instruments, such as bills of exchange, promissory
notes, and checks, to provide official evidence of non-payment or non-
acceptance.
1. Notarial Noting:
• Purpose:
o To provide formal and official evidence that a negotiable
instrument (such as a bill of exchange or promissory note)
has been presented for payment or acceptance and has been
dishonored.
o It serves as a preliminary step to the protest, ensuring that
there is a record of the dishonor.
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