Question
A cheque bearing across its face two parallel transverse
lines, with or without the words 'and company', is said to be:Solution
Section 123 provides that where a cheque bears across its face an addition of the words 'and company' or any abbreviation thereof, between two parallel transverse lines, or simply two parallel transverse lines, with or without the words 'not negotiable', that addition is deemed a crossing and the cheque is crossed generally. By contrast, Section 124 deals with a special crossing, which includes the name of a banker across the face of the cheque.
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