Legislative Dictionary - C
Judicial Dictionary
Legislative Dictionary
Cheque crossed generally
Category | C |
---|---|
Title | Cheque crossed generally |
Details | Where a cheque bears across its face an addition of the words "and company" or any abbreviation thereof, between two parallel transverse lines, or of two parallel transverse lines simply, either with or without the words "not negotiable", that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed generally. [See, section 123, the Negotiable Instrument Act, 1881 (Act No. XXVI of 1881)]. |
Created On | June 1, 2011, 1:14 PM |
Hits | 373 |