Judicial Dictionary - C

Judicial Dictionary


Legislative Dictionary


Cheque - Cross-cheque - Account Payee cheque

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CategoryC
TitleCheque - Cross-cheque - Account Payee cheque
Details

Cross-cheque/ Account Payee cheque is also cheque as contemplated in section 138(1) of the Negotiable Instruments Act but only changes its normal character by ceasing its negotiability but it does not lose its char­acter as negotiable instrument as defined in section 13 of the Act. 

(Mohammad Ali Vs. State and another, 2010, 39 CLC (HCD) [8313]) 

Created OnMay 20, 2014, 8:08 AM
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