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Question

The effect of the words 'not negotiable' on a crossed cheque under Section 130 is that the person taking it:

A Cannot transfer the cheque at all

B Acquires an absolute and unimpeachable title

C Shall not have, and cannot give, a better title than the person from whom he took it

D Becomes a holder in due course automatically

E Is freed from all defects in the transferor's title

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