Cheque Discrepancy – NBC Institute

BCL – May 2017 – L1 – Q7d – Negotiable Instruments

Explain the implications of a discrepancy between the written and numeric amounts on a cheque.

Question

d) Kofi Mensa presented a cheque made out in his name to the BBB Bank. The drawer intended that the drawee withdraw an amount of GH¢2,000.00 which was written in words. The amount written in figures, however, showed GH¢200.00.

Required: Explain the chances of Kofi Mensa in any legal action against the BBB Bank. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bills of Exchange Act, Cheque Discrepancy, Legal Action, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2017

Question Tag: Cheque Discrepancy

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BCL – May 2017 – L1 – Q7d – Negotiable Instruments

Explain the implications of a discrepancy between the written and numeric amounts on a cheque.

BCL – May 2017 – L1 – Q7d – Negotiable Instruments

Explain the implications of a discrepancy between the written and numeric amounts on a cheque.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Cheque Discrepancy

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BCL – May 2017 – L1 – Q7d – Negotiable Instruments

Explain the implications of a discrepancy between the written and numeric amounts on a cheque.

You're reporting an error for "BCL – May 2017 – L1 – Q7d – Negotiable Instruments"

BCL – May 2017 – L1 – Q7d – Negotiable Instruments

Explain the implications of a discrepancy between the written and numeric amounts on a cheque.

You're reporting an error for "BCL – May 2017 – L1 – Q7d – Negotiable Instruments"

Our offerings

Contact Info

Customer

Get In Touch

admin