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In which ways does crossing a cheque protect the drawer?

      

In which ways does crossing a cheque protect the drawer?

  

Answers


Ruth
a) It makes it more difficulty for a fraudulent party to obtain proceeds of the
cheque.
b) It increases time available for discovering fraudulent activity.
c) The fraudulent party and/or his/her accomplice may be traced to the collecting
bank.
d) The drawer has more time to stop payment of any cheque he/she has issued.
e) A “not negotiable” crossing and other special crossings provide the drawer
with further protection.
NatalieR answered the question on February 15, 2022 at 01:32


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