Section 127: Payment of cheque crossed specially more than once

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1. 1. Under Section 127 of the Negotiable Instruments Act, 1881, where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection, the banker on whom it is drawn:

   A.shall pay it to the first named bankerB.may pay it over the counter to the payeeC.shall refuse payment of the chequeD.may pay it to any one of the bankers
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