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Who is liable to pay the noting charges?
18. Who is liable to pay the noting charges?
- Drawer
- Holder Of Bill Of Exchange
- Drawee
- Bearer
Answer: C) Drawee
Explanation:
Noting charges are the sums paid by the cabinet to a public accountant, who cautions the drawee of the bill to get clear in a particular time span. Complete bit by bit reply: Noting charges is recoverable all of the time from the party liable for shame (the acceptor).