Question 43
BankingA cheque is specially crossed if
- A.it has two parallel lines across it
- B.the words & Co are written in-between the lines
- C.the name of a bank is written across it
- D.the words not negotiable are written across it.
- E.the name of the drawer is printed on the cheque
Show the answer and explanation
Answer: C (the name of a bank is written across it)
Explanation
A special crossing names a particular bank, which is the only bank that can collect the cheque.