Question

(b) Bank
3. Noting Charges are ultimately borne by :
(a) Drawer
(b) Drawee
(c) Payee
(d) Bank
4. Liability for a discounted bill is a
(a) Contingent Liability (b) Fixed Liability
(c) Current Liability
(d) None of the above
public holiday then the bill is​

Answer 1

Answer:

3...Noting charges are borne by Drawer

Explanation:

(Noting charges are the amounts paid by the drawer to notary , who warns the drawee of the bill to get clear in a specific time period .)

4. A. Contingent liability.

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