Ohio Notary Exam Q&A: Notarization, Signatures, Protest, Fees, Affidavits, Exams of Business Systems

Download Ohio Notary Exam Q&A: Notarization, Signatures, Protest, Fees, Affidavits and more Exams Business Systems in PDF only on Docsity! QUESTIONS AND ANSWERS EXAM OHIO NOTARY EXAM TESTED AND CONFIRMED A+ ANSWERS What to do when payers are used outside of the state? - ANSWER An authentication is usaually required, merely a declaration by the clerk of common pleas court that a notary is properly commissioned under law at the time of notarizing the instrument. What to do if name is changed? - ANSWER If by marriage or by other choice a notary may change his or her name, he may use the new name, but must indicate the name in which the commission was issued in parenthesis after it. How should John T. Doe sign his name? - ANSWER John T. Doe If married with new name to John Doe, how should Mary Roe write her name. - ANSWER Mary Doe (Roe). Protest - ANSWER A protest is a solemn declaration under the hand and seal of a notary public stating that he at a certain time, presented the bill or note for payment or acceptance, that it was refused and that its purpose is merely to furnish formal evidence of the dishonorof a bill or note by showing that all the necessary requisites have been complied with to hold the drawers and indorsers liable on the instrument. Protest steps - ANSWER 1. The holder, or authorizedby him, presents the instrument for acceptancef payment and is refused. 2. He gives the unstrument to the notary, who again formally makes ddemand for its payment or acceptance. 3. If payement or acceptance is again refused, the notary gives notice of the dishonor to the drawer and indorser immediatley. 4. Ans fills out the formal certificate of protest (a form which may be at any legal stationers)and attaches bill or note to it. Maker - ANSWER The signer of the note Payee - ANSWER The person whom it is payable Indorser - ANSWER If john black assigns his interest in the note he signs the back. Indorsee - ANSWER The person to whom he assigns it. Dishonored - ANSWER Under ohio law when the holder of a bill of exchange or note presents it properly to the maker, drawer, or acceptor on the dayit falls due, and payment is refused, the instrument is said to be...