 |
 |
Free Books / Finance / Canadian Banking Practice / |  |
|
|
||||
|
|
|||
|
|
|||
|
||||
|
|
||||
|
   |
|
||
|
Cheque Made Payable At A Future Date |
|
||
|
||||
|
|
|
||
|
||||
|
|
Free Books / Finance / Canadian Banking Practice / | |
|
|
||||
|
|
|||
|
|
|||
|
||||
|
|
||||
|
|
|
||
|
Cheque Made Payable At A Future Date |
|
||
|
||||
|
|
|
||
|
||||
This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 51. - A cheque dated 15th December, 1901, has written across its face "payable 15th January. 1903." Does such a condition invalidate the cheque? If not. would the bank be justified in paying it before the 15th January, 1903?
Answer. - The crossing does not invalidate the instrument, but it is not a cheque; it is a bill of exchange payable on 15th January with three days' grace, and the bank could not properly pay it before maturity.
Continue to:
banking, cash, money, receipts, signature, cheque, banker, bills, debts, bank draft, bank money order, bank notes, attorney, payment, borrowing, corporation, collections, liability, deposit, business, deceased, endorsement, rules, security, guarantee, identification, insurance, loan, stock, wire, transfer
|
|
|
|
 |
|