Cheque Types-Crossing of cheque and Endorsement Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque 1. An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Such cheque runs […]
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Crossing of Cheque
Crossing of Cheque A cheque may be classified as: (a) an open cheque which is payable over the counter (b) a crossed cheque which is payable only through a collecting banker. A cheque (also a bankers draft) can be crossed […]
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How to Cheque dishonor A paying banker is under a legal obligation to honor his customers mandate. He is bound to do so under his contractual relationship with his customer. A wrongful dishonor will have the worst effect on […]
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Crossing cheque Crossing cheque: A cheque may be classified as: (a) an open cheque which is payable over the counter (b) a crossed cheque which is payable only through a collecting banker. A cheque (also a bankers draft) can be […]
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