*/*_A cheque crossed as ‚Äö√Ñ√≤Payees a/c only‚Äö√Ñ√π is direction to?

Question

TuteeHUB · Accepted Answer

None of the above

TuteeHUB · Answer

The payee not to negotiate the cheque.

TuteeHUB · Answer

The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only.

TuteeHUB · Answer

The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only.

1.	/_A cheque crossed as ‚Äö√Ñ√≤Payees a/c only‚Äö√Ñ√π is direction to?
A.	The payee not to negotiate the cheque.
B.	The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only.
C.	The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only.
D.	None of the above
Answer» D. None of the above

/_A cheque crossed as ‚Äö√Ñ√≤Payees a/c only‚Äö√Ñ√π is direction to?