Alhaji Amin draws an open cheque on Agric Bank Ltd payable to Bakari for Ghc2,000 on Bakaris
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Question:
Alhaji Amin draws an open cheque on Agric Bank Ltd payable to Bakari for Ghc2,000 on Bakari’s safe return from the Hajj. Bakari endorses the cheque to his friend Gariba to assist him in his garment business. Garibaendorses the cheque to Damali in payment for some agbada outfits he purchased from him.
When Damali presented the cheque at Agric Bank Ltd, it was returned to him unpaid with the “payment Countermanded”.
What remedies, if any, are available to Bakari, Garibaand Damali?
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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