App Logo

No.1 PSC Learning App

1M+ Downloads
Who alone is entitled to open the crossing of cheque ?

Apayee of the cheque

Bbank that issued the cheque

Cany authorized signatory on the bank account

Ddrawer of the cheque

Answer:

D. drawer of the cheque

Read Explanation:

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. 


Related Questions:

Alterations which does not affect the fundamental character of a cheque, are called ---.
A foreign bill is prepared in 3 sets, where each copy is called ---.
Bouncing of cheques is mentioned in which section of NI Act.
Rule connected to the identification card in a Society?
Section 6(a) of the Negotiable Instruments Act, 1881 defines ----.