E-currency exchanger listing

Sunday, August 1, 2010

What does constitute Crossing?

In case of general crossing, drawing of two parallel lines across the face of a cheque is sufficient and necessary. Writing of "And Co." or "& Co." are not necessary. It follows from it, therefore, that simply writing of "Not Negotiable" or "Account Payee" on the face of the cheque without two parallel lines do not constitute crossing.

No comments:

Post a Comment