General crossing - crossing on a cheque, Business Law and Ethics

General Crossing - Crossing on a Cheque

Section S.76 (1) since such provides about whenever a cheque bears across its face an addition of described below:

  • The words such as "and company" thus any contraction thereof among such two (2) parallel transverse lines, either with or with no the words like "not exchangeable", one is;
  • Two (2) parallel transverse lines basically, such either with or with no the words like "not negotiable", such addition constitutes a crossing so, and such the cheque is crossed usually"
Posted Date: 2/2/2013 8:04:18 AM | Location : United States

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