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

Assignment Help:

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.


Related Discussions:- Special crossing - crossing on a cheque

Duties of directors - company management, Duties of Directors: The dut...

Duties of Directors: The duties of directors are usually considered under two broad headings, namely- i. Duties of care and skill at common law, and ii. Fiduciary duties

Standard of proof in civil cases, Standard of proof in civil cases: Th...

Standard of proof in civil cases: Therefore the standard of proof in civil cases is on a preponderance of probabilities or on a balance of probabilities.  So it must be more p

Analyse ethical and legal issues , Fran is a 68 year old female patient wit...

Fran is a 68 year old female patient with a history of diabetes.  Fran separated from her husband, Derek, 3 years ago (although they are not divorced) and over the past few years t

Voluntary liquidation - shares of the minority , Voluntary liquidation - sh...

Voluntary liquidation - shares of the minority: A company in (or about to go into) members' voluntary liquidation may by special resolution authorize the liquidator to sell th

Explain causation, Explain the Causation, Remoteness and Contributory Negli...

Explain the Causation, Remoteness and Contributory Negligence in short. Causation: When the accident was going to occur anyway then causation is not proved, which is a third

Legislative options for addressing phoenix activity, Q. Legislative options...

Q. Legislative options for addressing phoenix activity? There are a range of legislative options for addressing phoenix activity and the following legislative options were expl

Explain economic and social council, Economic and Social Council The Ec...

Economic and Social Council The Economic and Social Council (ECOSOC) is a specialized organ of the United Nations and was established, inter alia, to monitor and regulate human

What is udhr, What is UDHR UDHR is therefore, considered as a source of...

What is UDHR UDHR is therefore, considered as a source of international law relating to human rights. Apart from UNGA-responsible for issuing resolutions, the decisions of the

State article 30 of international law, State Article 30 of international la...

State Article 30 of international law Article 30 further states that his or her private residence and papers, correspondence and property are all inviolable.

Criminal appeal - district magistrate''s court, Criminal Appeal - District ...

Criminal Appeal - District Magistrate's Court Therefore in Section 10(1) of the Magistrate's Courts Act gives that any person that who is convicted of an offence on the trial

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd