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What is a notarial protest?

  1. A legal challenge to a notary's decision

  2. A declaration that payment or acceptance was refused

  3. A public demonstration against notary fees

  4. A request for legal examination of a notary's records

The correct answer is: A declaration that payment or acceptance was refused

A notarial protest is a declaration made by a notary public that a payment or acceptance was refused by a party involved in a negotiable instrument, such as a bill of exchange or promissory note. This is typically used when a party has not fulfilled their obligation stated in the instrument. Option A is incorrect because a notarial protest is not a legal challenge to a notary's decision, but rather a statement made by the notary. Option C is incorrect because it is not related to notary fees. Option D is also incorrect because a notarial protest does not involve a request for legal examination of a notary's records, but rather a declaration of a specific event.