📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    As per Section 126 of the Negotiable Instrument Act,

    1881, where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to_________.
    A Person who presents it Correct Answer Incorrect Answer
    B Banker Correct Answer Incorrect Answer
    C Original maker Correct Answer Incorrect Answer
    D Agent of drawee Correct Answer Incorrect Answer

    Solution

    Section 126 of NI Act - Payment of cheque crossed generally—Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.

    Practice Next
    ask-question