Question 12CommerceWAEC

When a cheque is crossed, it holds that

A

the culprit is traceable in the event of theft

B

it can be cashed over the counter

C

whoever presents it gets paid.

D

creditors without current accounts can be paid.

Step-by-Step Explanation

Crossing a cheque involves drawing two parallel lines on its face, which restricts its payment to a bank account rather than cash over the counter. This feature enhances security, as it allows for the identification of the person who presented the cheque in case of theft or fraud. Consequently, if a crossed cheque is stolen, the bank can trace the transaction back to the account holder, providing a means of accountability.

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