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WAEC Commerce 1996 Question 54

Question 54

Banking

Which of the following is not a reason for dishonouring a cheque?

  1. A.Insufficient funds
  2. B.Different amount in words and in figures
  3. C.Uninitiated alteration
  4. D.Wrong signature
  5. E.Special crossing
Show the answer and explanation

Answer: E (Special crossing)

Explanation

A special crossing only directs payment to a named bank; it is not a reason to refuse payment.