Question

If the crossing on a cheque is cancelled, it is called ---.

• A. closing of the crossing
• B. nullification of the crossing
• C. opening of the crossing
• D. unrestricting the crossing

Answer 1

Answer:

C. opening of the crossing

OPENING OF CROSSING:

• If the crossing on a cheque is cancelled, it is called opening of the crossing.

• Only the drawer of the cheque is entitled to open the crossing of cheque by writing the words, 'pay cash' and cancelling the crossing along with full signature of the drawer.