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

Special Crossing - Crossing on a Cheque

Although S.76 (2) with such provides like "whether a cheque bears across its face an addition of, such the name like of a banker, whether may with or without such the words like "not negotiable", such addition constitutes a crossing so, and such the cheque is crossed especially and such to that banker"

Section S.77 provides that: like;

  1. A cheque may be crossed usually or specially through the drawer. So one is
  2. A cheque is uncrossed, whether the holder may cross it usually or specially so. One is
  3. A cheque is crossed usually, whether the holder may cross it specially so. One is
  4. A cheque is crossed usually or specially the holder such may add the words like "not negotiable" there. So one is
  5. A cheque is crossed usually, the banker to whom that it is crossed may again cross it usually to another banker about collection. So one is
  6. An uncrossed cheque so, or such a cheque crossed usually, is sent to a banker for collection, such he may cross it usually to himself there.

However the essence of a common crossing are such the two parallel transverse lines entire the essence of a essential crossing is the addition such of the name of a banker.

Posted Date: 2/2/2013 8:08:06 AM | Location : United States







Related Discussions:- Special crossing - crossing on a cheque, Assignment Help, Ask Question on Special crossing - crossing on a cheque, Get Answer, Expert's Help, Special crossing - crossing on a cheque Discussions

Write discussion on Special crossing - crossing on a cheque
Your posts are moderated
Related Questions
Legal Procedures: The court may order the examination in private or public (ie. open court) of an officer of a company in liquidation or of any person known or suspected to ha

Civil Case - African Customary Law Moreover customary law is applicable only in civil cases.  Thus the District Magistrate's Court's Act 1967, S.2 restricts the civil case

Question 1: (i) Explain clearly the difference between Individual Bargaining and Collective Bargaining highlighting with examples the contexts in which each of them applies.

The UNCLOS 1982 The UNCLOS 1982 does not stop at gauging the limits of the territory of coastal states. Other features of the Convention include the right of transit of landloc

Stare Decisis and Its Application by US Courts However there is so far no case decided through the US Court of Appeal regarding the application of "stare Decisis" through US C

Maintenance Of Capital: The issued share capital of a company limited by shares is the primary security for the company's creditors. In Re: Exchange Banking Co (Flitcroft's Ca

(a) How will you plan to establish your own business? (b) What are the merits and demerits in owning a business? (c) What are the aspects you have to think in establishing an

Meeting is Unnecessary - meetings and resolutions: The purpose of holding general meetings with all the formality which this entails is to give to each member the opportunity

QUESTION (a) Tom is 15 ½ and he has not eaten for three days because his parents did not have any money to buy food when he approached Mr. Taylor for a job in his factory and t

Agency by Ratification So then Agency by ratification can only arise whether: The agent purported for act to a principal and one is The alleged principal was in exi