Section 117. Rules as to compensation

CHAPTER XII O F C O M P E N S A T I O N 117. Rules as to compensation.— The compensation payable in case of dishonour of a promissory note, bill of exchange or cheque, by any party liable to the holder or any indorsee, shall[5] * be — determined by the following rules: (a) the holder is entitled to the amount due upon the instrument together with the expenses properly incurred in presenting, noting and protesting it;