Cancellation of crossing can be done by
A)Holder of the cheque
B)payee of the cheque
C)Drawer of the cheque
D)None of the above

Question

Quizplus · Accepted Answer

Cancellation of crossing on a cheque can only be done by the drawer of the cheque, who is the person that has written and signed the cheque. This is because the drawer is the one who initially authorizes the cheque and has the authority to modify its conditions before it is cashed or deposited.

Cancellation of Crossing Can Be Done by