Section 126 of the Negotiable Instruments Act deals with:
Section 126 provides that a cheque crossed generally shall not be paid "otherwise than to a banker", and one crossed specially only to the banker named or his collecting…
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Section 126 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 126 provides that a cheque crossed generally shall not be paid "otherwise than to a banker", and one crossed specially only to the banker named or his collecting agent. A banker's liability for paying out of due course is s.129, and the collecting banker's protection is s.131.
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