Question

In the case of "A/c Payee" crossing further transferability of cheque is not possible.

• A. True
• B. False

Answer 1

The correct option is A True

True. In case of "A/c Payee" crossing further transferability of cheque is not possible as by writing the words "A/c Payee" it is made clear that the cheque cannot be paid to anyone else other than the person whose name is mentioned as the payee. In case of crossed cheque it can be further transferred. A crossing is basically drawing 2 parallel lines either on the whole cheque or on the top left corner of the cheque, and in "A/c Payee" crossing the word "A/c Payee" are written in between the 2 parallel lines.