Which of the following best describes protest?
A) It is a notice of dishonor that is lodged in a court of law by a third-party.
B) It is a notice of dishonor that is issued by the drawer.
C) It is a notice of dishonor that is issued by the maker.
D) It is a notice of dishonor that is certified by a public official authorized to do so.

Question

Quizplus · Accepted Answer

A protest is a formal declaration made by a notary public or other authorized official that a bill of exchange or promissory note has been presented and payment or acceptance has been refused.

Which of the Following Best Describes Protest