Question 12 of 24
Q.Section 123 of the Negotiable Instruments Act, 1881 deals with:
(a) General Crossing
(b) Promissory note
(c) Special Crossing
(d) Bill of Exchange
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2020MCQ· 1mImportance★★★★★
50% · 12/24 Questions
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Start your 14-day free trial to unlock the full solution →Section 123 defines general crossing; the answer is option (a).
Under the Negotiable Instruments Act, 1881, Section 123 defines a general crossing — where a cheque bears across its face two parallel transverse lines (with or without the words 'and company' or '& Co.', 'not negotiable'), directing that payment be made only through a banker and not across the counter. Special crossing, …
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