Multiple special crossings on a cheque require the drawee bank to refuse payment except where crossed to a collection agent. Where a cheque is specially crossed to more than one banker, the banker on whom it is drawn must refuse payment; an exception exists when the cheque is ... Summary
Multiple special crossings on a cheque require the drawee bank to refuse payment except where crossed to a collection agent.
Where a cheque is specially crossed to more than one banker, the banker on whom it is drawn must refuse payment; an exception exists when the cheque is crossed to an agent for the purpose of collection.
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