Cheque in United Kingdom
Definition of Cheque
In accordance with the work A Dictionary of Law, this is a description of Cheque :
A *bill of exchange drawn on a banker payable on demand. Since a cheque is payable on demand it need not be presented to the drawee bank for acceptance. A cheque operates as a mandate or order to the drawee bank to pay and debit the account of its customer, the drawer. The Cheques Act 1992 gave legal force to the words “account payee” on cheques, making them nontransferable.
Cheque Defined Case Law
- A selected English Real Property Law Case in relation with cheque defined may be: Avocet Industrial Estates LLP v Merol Limited [2011] EWHC 3422, [2012] 14 EG 64
- Year of the above case: 2012
Leave a Reply