Question
Before purchasing these ovens he sold his 2 current ovens to two different buyers. Both paid for the ovens by cheque, but the first cheque
Before purchasing these ovens he sold his 2 current ovens to two different buyers. Both paid for the
ovens by cheque, but the first cheque hadtwo lines across it and the words "not negotiable." Joseph is
worried that this cheque is not valid. The second cheque was originally written to a party other than Joseph
and was not endorsed. However, the word "bearer cheque" appears on the front of the cheque. Joseph is
unfamiliar with these instruments and is worried that he has been provided with fraudulent cheques. He asks
you for advice on the interpretation of these two instruments and for your opinion as to their validity.
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