Q299
What is the meaning of payment of cheque crossed specially?
A.
The banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection
AnswerB.
The banker on whom the cheque is drawn shall not pay it otherwise than to a banker
C.
Payment of cheque amount across the counter
D.
Payment of cheque amount to the agent of payee
Answer: Option A
Solution
Answer: Option A
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