What Is the Effect of 'Crossing' a Cheque with Two

question 43

Multiple Choice

What is the effect of 'crossing' a cheque with two parallel lines?

• A)The cheque is revoked.
• B)The cheque becomes non-transferable.
• C)The cheque must be paid into the bearer's, payee's or transferee's own bank account.
• D)The cheque becomes not negotiable.

---

Definitions:

Fidelity Insurance

A form of insurance coverage that protects businesses from losses due to fraudulent acts by employees, such as embezzlement or theft.

Proportionate Share

An individual's or group's fair or equitable portion of a whole, often related to shares in a company or distribution of assets.

Professional Malpractice Insurance

A form of liability insurance that helps protect professionals from financial loss resulting from claims of negligence or incompetence.

Negligence Claims

Legal demands for compensation by individuals who have suffered injury or loss due to another party's failure to exercise the appropriate level of care.