What is the difference in legal effect between a drawer having her cheque certified and a payee

Question:

What is the difference in legal effect between a drawer having her cheque certified and a payee later having the cheque certified?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

The Law And Business Administration In Canada

ISBN: 9780133251678

14th Edition

Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill

See More Books

Question Posted: Mar 16, 2024 11:01 PM

See More Questions

Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...
1. What is the difference between a drawer action against a bank and a payee action? 2. Why is SBU liable when it did in fact deposit the checks? 3. What should SBU do in the future? B.D.G.S., Inc.,...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
1. Find the general indefinite integral (x +x)dx 2. Find the general indefinite integral (u +4)(2u +1)du 7/4 1+cos? 0 de cos 0 3. Evaluate the integral . 4. Evaluate the integral by making the given...
A and B are events such that P(A) = 0.2, P(B) = 0.6, and P(A& B) = 0.1. Find P(A or B).
Gasconia Company produces three models of a product. Actual results from last year are as follows: Required: 1. Calculate the contribution margin variance. 2. Calculate the contribution margin volume...
Do you feel nauseated much too often? True/False LO.1
Software analysis Purpose an opportunity to analyze risks, threats, and vulnerabilities and apply countermeasures in the information systems environment. Introduction Contemporary organizations...
Ch 9: Reporting and Analyzing Long-Lived Assets (3 of 20) Q 9.3: Pat's Garage installed a new parking lot. The paving cost $10,000 and the lights to illuminate the new parking area cost $5,000. These...
Describe the three qualities of negotiable instruments that distinguish such instruments from ordinary assignments. How do these qualities make them commercially useful?
Describe briefly the respective uses of demand drafts, sight drafts, and time drafts in commercial practice.
A poll is conducted by a television network to evaluate public opinion on the state of the economy in New Zealand using a countrywide representative sample. It is found that 35% of respondents...
What is the amount of Gain or Loss recognized on the disposition? Enter a Gain as a positive number or a Loss as a negative number or Zero if neither is recognized. R&R purchased a piece of equipment...
B)There is a significant increase in Machinery, Equipment, and Office Furniture (576%), a significant increase in A significant increase in the Line of Credit (344%), and a significant increase in...
Ryvel Company has 2 (two) Production Departments, namely Department I and Department II. In addition, it has 2 (two) Supporting Departments, namely Department C and Department D. Ryvel Company...
Dollars According to the graph below, what should this profit-maximizing firm do? P3 P4 MC ATC 0 Q3Q1Q2 MR D Quantity
Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7...
A study of the reliability of diesel engines was conducted on 14 engines. The engines were run in a test laboratory. The time (in days) until the engine failed is given here. The study was terminated...
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
In connection with the adoption of an eligible child who is a U.S. citizen and who is not a child with special needs, Sean pays $4,000 of qualified adoption expenses in 2021 and $3,000 of qualified...
Mike bought a solar electric pump to heat his pool at a cost of $2,500 in 2022. What is Mikes credit?
If a taxpayer does not have enough tax liability to use all the available adoption credit, the unused portion may be carried forward for how many years? a. Two b. Three c. Five d. There is no...
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...

What is the difference in legal effect between a drawer having her cheque certified and a payee

Question:

Step by Step Answer:

Certifying a cheque by either the drawer the person who writes the cheque or the payee the person to whom the cheque is made payable can have differen...View the full answer

The Law And Business Administration In Canada

Students also viewed these Social Science questions