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LPL4805 Assignment 1 Semester 2 2024 - DUE 20 August 2024
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LPL4805 Assignment 1 Semester 2 2024 - DUE 20 August 2024 QUESTIONS WITH DETAILED ANSWERS
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LPL4805 Assignment 1Semester 2 2024 - DUE 20
August 2024
[Company address]
, LPL4805 Assignment 1 Semester 2 2024 - DUE 20 August 2024
Question 1.
Explain the purpose of notarial noting and protest an indicate its procedural benefit. (7)
Question 2.
2.1. Discuss the characteristics of servitudes. (6)
2.2. How may servitudes be terminated? (7)
Question 1: Notarial Noting and Protest
Purpose and Procedural Benefit of Notarial Noting and Protest
Notarial Noting:
• Purpose: Notarial noting is a formal process conducted by a notary public when
a negotiable instrument (like a bill of exchange or promissory note) has been
dishonored. This means that the instrument was presented for payment or
acceptance, but the required action was not taken.
• Procedural Benefit: The main benefit of notarial noting is to provide an official
record of the dishonor. This can be crucial evidence in subsequent legal
proceedings, demonstrating that the holder took the necessary steps to present
the instrument and that it was dishonored.
Notarial Protest:
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