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John signs an uncrossed blank cheque and gives it to his daughter Bella as a birthday present. He tells Bella that she can complete the
John signs an uncrossed blank cheque and gives it to his daughter Bella as a birthday present. He tells Bella that she can complete the cheque and fill in any amount up to $5,000.00. Before she has a chance to fill in the date and amount for payment, Bella loses the cheque. Discuss the following situations: Tony finds the blank cheque and completes the cheque with an amount for payment of $4,000.00 and writes "cash" in the space for "payee". He also dates the cheque. Tony then presents the cheque to John's bank who pays him the $4,000.00 cash over the counter. ACBSP: Reflective thinking Bloom's: Synthesis Difficulty: 2 (moderate) CLO: 4
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