WAEC Commerce 1992 Question 43

Question 43

Banking

A cheque is specially crossed if

  1. A.it has two parallel lines across it
  2. B.the words & Co are written in-between the lines
  3. C.the name of a bank is written across it
  4. D.the words not negotiable are written across it.
  5. 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.