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.

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