Donna draws a cheque payable to Edgar for a maximum of $1000 for carpentry work. Edgar completes
Question:
Donna draws a cheque payable to Edgar for “a maximum of $1000 for carpentry work.”
Edgar completes the work while Donna is out of town and takes the cheque to his bank to cash it. The bank refuses on the grounds that it is not a valid cheque. Is the bank correct?
Explain.
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The bank is correct in refusing to cash the cheque because it lacks the essential elements required ...View the full answer
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Related Book For
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
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