A crossed cheque with the inscription 'not negotiable' must be paid into the?

COMMERCE
JAMB 2008

A crossed cheque with the inscription 'not negotiable' must be paid into the?

  • A. current account of the drawer
  • B. current account of the payee
  • C. savings account of the payee
  • D. fixed account of the payee

Correct Answer: B. current account of the payee



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