

Are cheques commonly used for large transactions? Are bank drafts commonly used for large transactions?
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what is the difference between cheque and draft Informational
- What are the latest technological tools used for fraud detection in payment systems? How do cybersecurity measures protect the integrity of electronic cheque processing systems?
- What is the process of revalidation of a stale cheque? Is there a process for extending the validity of a bank draft?
- What happens if a bank draft is presented after its expiry date?
- Are there any specific rules for handling bank drafts with such endorsements? What is the role of the collecting bank in the cheque clearing process?
- What are the penalties for issuing a cheque with insufficient funds? What are the legal consequences of dishonoring a bank draft?
- Comparison of Payment Instruments
- How does the law define "good faith" in the context of cheque transactions? What constitutes "value" in relation to negotiable instruments like cheques and drafts?
- What is a cashier's check and how does it compare to a draft?
- What is the procedure if a deposited bank draft cannot be honored?
- Are bank drafts widely accepted internationally? What are the regulations governing cheques in [country]?
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