Accountancy, asked by susmitapegu1430, 3 months ago

15. Write short note on 'Not Negotiable Crossing​

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Answered by nikeetajohnson16
4

According to above section, the cheque marked 'not negotiable' to a crossed cheque does not bar it from transferred in the name of another person. ... It means, a person takes a stolen cheque marked with 'Not Negotiable' from another person, and encashes it then he is liable to refund encashed money to the true owner.

Answered by ss9113216gmailcom
0

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