Answer and explanation

Correct answer: D. crossed

  1. Step 1: Crossing protects the payee because the money goes through a banking channel. Answer: crossed. Why not the others: void: Crossing does not cancel the cheque. payable in cash over the counter: That is true of an open cheque. a post-dated cheque for a later date: That depends on the date it carries.

Practise more Sale of goods, negotiable instruments and negligence.

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A cheque marked with… | KASNEB CPA Foundation Level (Kenya)