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 generally or specially to a banker by the drawer, or […]

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How to Cheque dishonor

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 the banker. However, under the following circumstances, the payment of […]

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Crossing cheque

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 crossed generally or specially to a banker by the drawer, […]

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