


What is the legal framework governing negotiable instruments like cheques and drafts? How does the Uniform Commercial Code (UCC) in the US address cheques and drafts?
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what is the difference between cheque and draft Informational
- What precautions should you take when accepting a bank draft? What is the definition of a drawer (in the context of a cheque)?
- How does the legal framework assign liability in case of fraudulent cheque or draft transactions?
- What is the difference between a cashier's order and a bank draft?
- What are the disadvantages of using a cheque? What are the advantages of using a bank draft?
- What is the difference between a local cheque and an outstation cheque? Are there similar distinctions for bank drafts?
- How are bank drafts processed between banks? What are the implications of a forged cheque?
- What factors influence the choice of payment method for a particular transaction? How does the convenience of using a cheque compare to that of a bank draft?
- What are the requirements for opening a bank account to deposit cheques and drafts? How do different types of bank accounts (e.g., current, savings) handle cheque and draft deposits?
- How does endorsement affect the negotiability of a cheque?
- What security features are typically present on a bank draft? Is it advisable to send a cheque through the mail?
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