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
Collecting Banker Furthermore a collecting banker is protected through the following provisions: like; (i)Bills of Exchange or Swap Act.  with S.82 (1) provides such a ban

Question 1: (A) What do you understand by Collective Bargaining? (B) What is collective bargaining from: (I) The economic point of view

Reduction of Capital:   4.1 The general rule is that it is illegal for a company to reduce its capital. This is so because such a reduction would be tantamount to reducing

Advantages of Stare Decisis - Aptitude for growth However process of 'distinguishing' cases facilitates the growth of detailed legal principles to deal by different factua

what is the importance of law enforcement and the legal profession as service industries?

Allotment of shares and debentures - mergers and winding up: When the scheme is before the court for final approval a minority may object on any of the various grounds indicat

Experience Law This is a law of marketing beginning that the unit cost of value added to a standard goods, calculated in constant currency, declines by a constant percentage ea

Need help in a journal paper review. The following are the criteria: - Choose a journal paper in the general area of probabilistic operations research - recently published

Restricted Names:  Section 17)1) of the Registration of Business Names Act provides that no company shall be registered under a business name: (a)     which contains any wo