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Cheque With Amount Expressed In Figures Only |
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Cheque With Amount Expressed In Figures Only |
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This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question l4. - Is a cheque written in figures only, legal?
Answer. - Such a cheque is a valid order to pay, and a bank might be held liable for failure to honor it. The proper practice is to state the amount in both words and figures.
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
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