alleryStart learning →A specially crossed cheque must be refused payment if crossed to:
AThe payee's own bank
BAn agent for collection
CMore than one banker
DA single named banker
Answer & Solution
Correct answer: C. More than one banker
Section 127 requires refusal where a cheque is specially crossed to more than one banker, other than a collecting agent.
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Related questions
The Negotiable Instruments Act was passed as Act No. 26 of the year:The 2002 amendment of the Act inserted new sections numbered:Criminal liability for cheque dishonour entered the Act through an amendment of:Interim compensation in cheque dishonour cases was added by the Act of:Interim compensation under Section 143A must ordinarily be paid within:Interim compensation under Section 143A cannot exceed what share of the cheque?Cheque dishonour trials under the Act should aim to end within:Which court may try a Section 138 offence?