Commonwealth Consolidated Acts

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CHEQUES ACT 1986 - SECT 55

Effect of taking cheque crossed not negotiable

                   Where a cheque that bears a crossing of the kind referred to in paragraph 53(1)(b) is transferred by negotiation to a person, the person does not receive, and is not capable of giving, a better title to the cheque than the title that the person from whom the first‑mentioned person took the cheque had.



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