Section 123 - Cheque crossed generally, Section 124 - Cheque crossed specially : Negotiable Instruments Act 1881

What is Cheque crossed generally? What is Cheque crossed specially? Cheque crossed generally and Cheque crossed specially are defined under Section 123 and 124 of Negotiable Instruments Act 1881

Section 123 of Negotiable Instruments Act 1881: "Cheque crossed generally"

Where a cheque bears across its face an addition of the words "and company" or any abbreviation thereof, between two parallel transverse lines, or of two parallel transverse lines simply, either with or without the words "not negotiable", that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed generally.

Section 124 of Negotiable Instruments Act 1881: "Cheque crossed specially"

Where a cheque bears across its face an addition of the name of a banker, either with or without the words "not negotiable", that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed specially, and to be crossed to that banker.

Negotiable Instruments Act 1881

Section 121 - Estoppel against denying capacity of payee to indorse

Section 122 - Estoppel against denying signature or capacity of prior party

CHAPTER XIV OF CROSSED CHEQUES

Section 123 - Cheque crossed generally

Section 124 - Cheque crossed specially

Section 125 - Crossing after issue

Section 126 - Payment of cheque crossed generally

Section 127 - Payment of cheque crossed specially more than once

Section 128 - Payment in due course of crossed cheque

Section 129 - Payment of crossed cheque out of due course

Section 130 - Cheque bearing not negotiable