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Types of Crossing: a) General Crossing: Generally, cheques are crossed when there are two transverse parallel lines, marked across its face or the cheque bears an abbreviation “& Co.“ between the two parallel lines or the cheque bears the words “Not Negotiable” between the two parallel lines or the cheque bears the words “A/c. Payee” between the two parallel lines. A crossed cheque can be made bearer cheque by cancelling the crossing and writing that the crossing is cancelled and affixing the full signature of drawer. Generally, cheques are crossed when: * There are two transverse parallel lines, marked across its face, or * The cheque bears an abbreviation “& Co. “between the two parallel lines, or * The cheque bears the words “Not Negotiable” between the two parallel lines, or * The cheque bears the words “A/c. Payee” between the two parallel lines. Specimens of General Crossing b) Special Crossing: When a cheque is crossed by two parallel lines and the name of ...

1.DIFFERENT BETWEEN CHEQUE AND BILL OF EXCHANGE:- S.No CHEQUE BILL OF EXCHANGE 1 Drawn on a specified banker only Can be drawn on any party 2 Payable on demand only Payable either on demand or after a fixed period 3 No need for acceptance Acceptance is a must 4 When a cheque is not paid it is said to be dishornour A bill can be dishoured even for non acceptance 5 A cheque can be crossed generally or specially No crossing is allowed 6 No documents will accompany a cheque Accompanied by trade documents 7 Nothing and protesting is not necessary for  a cheque A dishourned bill requires noting and protesting 8 Generally cheque are not discounted It is payable to order 2.WHAT ARE...