menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 8
  4. Exam
    Exam 17: Managing a Business 4: Making Payments and Recovering Debts
  5. Question
    What Is the Effect of 'Crossing' a Cheque with Two
Solved

What Is the Effect of 'Crossing' a Cheque with Two

Question 24

Question 24

Multiple Choice

What is the effect of 'crossing' a cheque with two parallel lines?


A) The cheque is revoked.
B) The cheque becomes non-transferable.
C) The cheque must be paid into a bank account.
D) The cheque becomes not negotiable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Which of the following statements is true

Q7: Which of the following terms is not

Q19: Which of the following is not expected

Q21: Legal tender is best defined as:<br>A)Cash payment.<br>B)Currency

Q23: An 'examination summons' is:<br>A)A statement of claim.<br>B)An

Q26: Legal proceedings against a debtor will generally

Q26: Which of the following is not a

Q35: What is 'negotiability'?<br>A)The name for the principle

Q37: The National Credit Code imposes on all

Q40: Which of the following is not true

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines