Question No. 21
A А
A
А
Which of these statements is correct? Statement (1): Where the cheque contains the name of a banker, but does not contain two parallel transverse lines, it is a valid
special crossing. Statement (2): A specially crossed cheque shall be paid to the banker to whom it is crossed.
O Only statement (1) is correct
O Only statement (2) is correct
O Both the statements are correct
O Both statements is incorrect
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