What is the effect of marking a cheque 'not negotiable'?

Question

Quizplus · Accepted Answer

Marking a cheque as 'not negotiable' means that the transferee or recipient of the cheque cannot obtain a better title than the person who transferred it. This means that if there are any issues with the cheque, the original transferor is still responsible for resolving them. However, it does not affect the payment amount or whether the cheque can be deposited into a bank account. It also does not make the cheque non-transferable, as it can still be transferred, but with the understanding that the transferee does not gain any better rights than the transferor.

What Is the Effect of Marking a Cheque 'Not Negotiable