Jean Pierre issued a cheque to Makambo at 4.00 pm, thirty minutes before the bank's closing time. By 4.35 pm Mr. Makambo who had been in queue in the bank by 4.25 pm cashed the cheque. At 4. 38 pm Mr. Jean Pierre sent called the bank to countermand the cheque asserting that he has already sent an email to that effect.  The bank informed him that the cheque was already cashed. Mr. Jean Pierre is considering suing the bank for violating his right to countermand a cheque.

Required:

1. What do you understand by the term "Countermanding a Cheque"?
2. With specific reference the Baines vs National Provincial Bank advise Mr. Jean Pierre accordingly.

Answer rating: 100% (QA)

Countermanding a cheque refers to the act of stopping or cancelling a cheque that has been issu... View the full answer