Challenger App

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:

Noting charges is a --- to the drawer
Section related to the Byelaw amendment in a Co-operative Society ?
The person who has the right to receive the amount of the bill is called ----.
Which of the following is not considered as a Bill of Exchange drawn on a banker?
If the Debtor, couldn't pay the bill on due date, such a bill is called ----.