Under the Negotiable Instruments Act, 1881, crossing of a cheque enhances:
Section 126 of the Negotiable Instruments Act requires payment of a generally crossed cheque "to a banker", and special crossing directs it to the named banker or collecting…
Choose your answer
Under the Negotiable Instruments Act, 1881, crossing of a cheque enhances:
Answer and explanation
Correct answer A
Section 126 of the Negotiable Instruments Act requires payment of a generally crossed cheque "to a banker", and special crossing directs it to the named banker or collecting agent. This helps trace payment and protect ownership, while "not negotiable" under Section 130 limits the title a transferee receives without necessarily banning transfer.
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