What is the meaning of payment of cheque crossed specially?
A specially crossed cheque must be paid to the banker named in the crossing or that banker's collection agent. A general crossing instead permits payment to a banker without…
Choose your answer
What is the meaning of payment of cheque crossed specially?
Answer and explanation
Correct answer A
A specially crossed cheque must be paid to the banker named in the crossing or that banker's collection agent. A general crossing instead permits payment to a banker without specifying a particular one. Section 126 therefore restricts the route of payment more narrowly for a special crossing.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
Gujarat Assistant Professor (Law)
-
CUET PG Law (LL.M.)
Subject revision