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Home Study Circle Library Series

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Author: Various Authors
Published: 1900
Language: English
Wordcount: 93,423 / 288 pg
Flesch-Kincaid Reading Ease: 69.1
LoC Category: HF
Downloads: 2,488
Added to site: 2007.02.07
mnybks.net#: 16000
Origin: gutenberg.org
Excerpt

at a cheque drawn to order and then indorsed in blank by the payee is really payable to bearer, and if the paying teller is satisfied that the payee's signature is genuine he will not likely hesitate to cash the cheque. In England all cheques apparently properly indorsed are paid without identification.

[Illustration: A cheque drawn so as to insure payment to proper party.]

In drawing a cheque in favour of a person not likely to be well known in banking circles, write his address or his business after his name on the face of the cheque. For instance, if you should send a cheque to John Brown, St. Louis, it might possibly fall into the hands of the wrong John Brown; but if you write the cheque in favour of "John Brown, 246 West Avenue, St. Louis," it is more than likely that the right person will collect it.

If you wish to get a cheque cashed where you are unknown, and it is not convenient for a friend who has an account at the bank to go with you for the purpose of identification, ask him

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