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प्रश्न
Explain the term Not Negotiable Crossing.
थोडक्यात उत्तर
उत्तर
- When the words 'Not Negotiable' are written on a cheque, the cheque does not become non-transferable.
- But it reduces the negotiability of the cheque. Ordinarily, when the holder obtains a cheque in good faith, for consideration, and in proper form, he gets a good title to it, even if the title of the transferrer is defective.
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Crossing of Cheques
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