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HomeCA IntercorporatelawsCheque Crossing › Crossing a cheque means:

Crossing a cheque means:

Answer & Solution
Correct answer: D.
1. Sections 123-124 — a crossing is shown by two parallel transverse lines drawn across the face, optionally with words ('A/C Payee', '& Co.'), restricting payment to via bank account. 2. Crossing protects the payee from theft. 3. Hence (A). _Source: ICAI BoS CA Inter Paper 2 — Negotiable Instruments Act 1881_
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