CHAPTER IX O F N O T I NG A N D P R O T E S T

Section 100: Protest

When a promissory note or bill of exchange has been dishonoured by non-acceptance or non-payment, the holder may, within a reasonable time, cause such dishonour to be noted and certified by a notary public. Such certificate is called a protest.

Protest for better security.—When the acceptor of a bill of exchange has become insolvent, or his credit has been publicly impeached, before the maturity of the bill, the holder may, within a reasonable time, cause a notary public to demand better security of the acceptor, and on its being refused may, within a reasonable time, cause such facts to be noted and certified as aforesaid. Such certificate is called a protest for better security.

Questions on this section

1 question in 3 of our papers cite Section 100. Try these from the free papers:

1. Under Section 100 of the Negotiable Instruments Act, 1881, the holder of a bill of exchange may cause a notary public to demand better security of the acceptor, and on refusal have a "protest for better security" made, when:

Practise questions on Negotiable Instruments Act, 1881