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Inserting Two Transverse Parallel Lines Across a Cheque Instructs a Financial

Question 20

Multiple Choice

Inserting two transverse parallel lines across a cheque instructs a financial institution that:


A) it is now subject to the nemo dat rule.
B) it can no longer be indorsed.If the cheque is not endorsed it will be void.
C) it can be cashed and should not be placed into an account with a financial institution.
D) it must be paid into an account with a financial institution.

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