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

Registration of prospectus, Registration of Prospectus:  S.43 (1) prov...

Registration of Prospectus:  S.43 (1) provides that no prospectus shall be issued by or on behalf of a company unless, on or before the date of its publication, there has been

Preferential debts, PREFERENTIAL DEBTS: These unsecured debts which ra...

PREFERENTIAL DEBTS: These unsecured debts which rank ahead of a floating charge and non-preferential debts are: (a) one year's taxes, i.e. corporation tax, PAYE income tax de

Resolution to wind up voluntarily, Resolution to Wind Up Voluntarily: ...

Resolution to Wind Up Voluntarily:  The type of resolution to be passed varies with the circumstances of the case, as provided in s.271(1): (a) If the articles provide for

What is the common law, Question 1: (a) What is "The Common Law"? (...

Question 1: (a) What is "The Common Law"? (b) What are the virtues of the Common Law? Question 2: (a) Name the three facets of "the concept of justice". (b) E

Duties of an advocate, Duties of an Advocate First is, Duty to th...

Duties of an Advocate First is, Duty to the Court Whether as an officer of court an advocate is bound to assist in administration of the justice.  Thus he must adv

State article 16 of air and outer space law, State Article 16 of air and ou...

State Article 16 of air and outer space law Article 16 states that the appropriate authorities of each of the contracting States shall have the right, without unreasonable dela

State article 29 of international law, State Article 29 of international la...

State Article 29 of international law Article 29 states that a member of a diplomatic mission enjoys immunity from arrest or prosecution.

Discuss corruption is the cancer eating, QUESTION 1 Corruption is the c...

QUESTION 1 Corruption is the cancer eating at the heart of good governance of public institutions. Discuss QUESTION 2 The Prevention of Corruption Act 2002 is dangerous

Explain the steps in the decision-making process, Question 1: Describe ...

Question 1: Describe in what ways Henry Mintzberg, Kotler, Luthans and Stewart have identified the roles and skills of a manager? Question 2: Show how Maslow's hierarch

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

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