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LAW OF NEGOTIABLE INSTRUMENTS (CHEQUES (Characteristic (:check: drawn in a…
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- not dated is a valid cheque
- fill the date with reasonable time
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- overdue if has been in circulation for unreasonable length, expiry in 6month and above
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- two parallel line with words " not negotiable "
- name of the banker is written
- act as a notice to collecting banker that only the acc of payee tobe credited
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- 2 parallel tranverse line
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