Question Tag: Revocation Circumstances

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

Question

a. What is a cheque? (6 marks)

b. Explain the various types of crossing on a cheque and their effect. (8 marks)

c. Give four circumstances in which the authority of a Banker to pay cheques may be revoked or determined. (8 marks)

d. Why is a Banker’s draft not a cheque?

Answer

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Tags: Banker Authority, Bankers Draft, Cheques, Crossing Types, Revocation Circumstances
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2016

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

Question

a. What is a cheque? (6 marks)

b. Explain the various types of crossing on a cheque and their effect. (8 marks)

c. Give four circumstances in which the authority of a Banker to pay cheques may be revoked or determined. (8 marks)

d. Why is a Banker’s draft not a cheque?

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Banker Authority, Bankers Draft, Cheques, Crossing Types, Revocation Circumstances
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2016

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

You're reporting an error for "PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft"

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