Bills of Exchange Act, 1964 (Act No. 34 of 1964)Chapter IICrossed cheques80. Effect of crossing and addition of words 'not negotiable' on rights of holder |
If a person takes a crossed cheque which bears on it the words 'not negotiable', he shall not have, and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.