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Up To Date Business

Chapter 6 BANK CHEQUES

Word Count: 401    |    Released on: 06/12/2017

ity, it is a sight draft on the bank. Banks provide blank cheques for their customers, and it is a very

$6 to $96. If this were done and the cheque cashed, the maker, and not the bank, would become responsible for the loss. You cannot hold other people responsible for your own carelessness. A cheque has been raised from $100 to $190 by writing th

y drawn

ould be in your usual style, familiar to the paying teller. Sign your name the same way a

be written in the prescribed form. Such an order written on a sheet of

lly draw

any person that he orders it paid to. If a cheque is drawn "Pay to John Brown or Bearer" or simply "Pay to Bearer," any person that is the bea

good black ink and let the copy dry

ments will be treated

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“Including lessons in banking, exchange, business geography, finance, transportation and commercial law from the chicago record.”