A cheque may either be an open cheque or a crossed cheque. An open cheque is fraud prone by unscrupulous persons. It may cause loss to the true owner of the cheque or the banker. In order to prevent such a possibility of fraud, the system of crossing of cheque has been introduced. In other words, crossing has been introduced to prevent wrongful person from obtaining payment of a cheque. To encash a crossed cheque, a payee need to have a bank account or he can endorse it to another person who has an account in a bank. In both of these cases the payee's or the endorsee's identity can be easily established.
Crossing is a direction to the paying banker that it should be paid only through a banker and not across the counter. Crossing is of two types: General Crossing (sec. 123 of NI Act) and Special Crossing (sec. 124 of NI Act)
Two transverse parallel lines across the face of the cheque are compulsory in case of a general crossing. But two transversal lines are not required to in a special crossing. Mere writing a name of a bank across the face of the cheque constitutes special crossing. Here, in a special crossing, the amount of the cheque should be paid only through a specified bank. Thus an additional name of a banker is essential to constitue special crossing.
M.J. SUBRAMANYAM.
it is about crossing a cheque
How are ordinary damages are different from special damages
differentiate general reference sources and special reference sources with example
It was lowered to a simple price of 20$ and has the Nintendo Selects logo because the game is really special! Nothing is different.
General purpose means it can be used for many things. Special purpose means only for a particular thing.
Both general warranty deeds and special warranty deeds can be used for real estate sales where a property is transferred between parties unfamiliar with each other. The difference is the extent of the coverage of the warranty.
General jurisdiction is 100% of the time. speical jurisdiction, normally has a time limit, area limit and controlled limitations.
By using general purpose software a user can fulfill his or her general needs By using special purpose software a user can fulfill his or her specific needs for which this special purpose software has been designed.
The simple answer is that Special Relativity can be described with simple algebraic processes. General Relativity involves much more complex mathematics, including tensor calculus, for its mathematical description.
Please visit the following sites for details explaining the difference between the two: http://archive.ncsa.illinois.edu/Cyberia/NumRel/GenRelativity.html http://archive.ncsa.illinois.edu/Cyberia/NumRel/SpecialRel.html
what is the difference between xbox 360 and halo 2xbox special edition
There is no difference between special education needs and disability. The difference lies in the types of special education services needed to help the student with the disability succeed in the least restrictive environment possible.