paulward002333
Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

b) What are the characteristics of order cheque?

Sagot :

quel36

Answer:

It must be in writing: A cheque must be in writing. An oral order to pay does not constitute a cheque.

65uniq65

Answer:

The order cheque is the one wherein the word bearer is canceled on the cheque. As the word bearer gets canceled the cheque automatically becomes an order cheque. An order cheque is paid to the payee across the bank's account. The identification of the payee is insisted on by the bank while presenting an order cheque.

Essential characteristics of a cheque

It must be in writing: A cheque must be in writing. ...

It should be drawn on banker: It is always drawn on a specified banker. ...

It contains an unconditional order to pay: A cheque cannot be drawn so as to be payable conditionally.

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.