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ISSUE:
Whether there is a material difference between a cross check and a regular check in terms of
extinguishing an obligation?
*** Petitioner contends that the acceptance of the Solid Bank check, a non-negotiable check being a
crossed check, which replaced the dishonored Prudential Bank check, a negotiable check, is a new
obligation in lieu of the old obligation arising from the issuance of the Prudential Bank check, since there
was an essential change in the circumstance of each check.