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Free Books / Finance / Canadian Banking Practice / | ![]() |
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Scored Out |
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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 42. - A cheque is drawn by John Smith, payable to "self," the word "bearer" being scored out; in other respects the cheque is in accordance with the common form. Is it legally payable to order?
Answer. - Such a cheque must be regarded as payable to John Smith (the drawer), or order. (Bills of Exchange Act, sec. 22, sub-sec. 1).
 
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