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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 AND ANSWERS
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LPL4805 Assignment 1Semester 2 2024 - DUE 20
August 2024
QUESTIONS WITH ANSWERS
, 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: Explain the purpose of notarial noting and protest and
indicate its procedural benefit. (7)
Notarial Noting and Protest:
• Purpose: Notarial noting and protest are formal processes in
commercial law related to dishonored bills of exchange, promissory
notes, or checks.
• Notarial Noting: This is the act of recording the fact that a bill or note
has been presented for payment and was refused. This is done by a
notary public.
• Protest: If a bill or note is dishonored, the notary public issues a
formal certificate (the protest) declaring the dishonor and the reasons
for it.
Procedural Benefits:
1. Legal Evidence: The protest serves as legal evidence of the
dishonor of the instrument, which can be crucial in legal proceedings.
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