Donna draws a cheque payable to Edgar for a maximum of $1000 for carpentry work. Edgar completes

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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 Law And Business Administration In Canada

ISBN: 9780133251678

14th Edition

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

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