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Middle East The Crime of Drawing Worthless Cheques

Middle East The Crime of Drawing Worthless Cheques The process of drawing cheques instead of cash is spreading, as a consequence of the expansion of banking operations, multiplicity of civil and commercial transactions and the simplicity of such drawing. A cheque is considered an instrument of payment, honoured instantly on demand. Thus a cheque may not be drawn for obtaining credit, and accepting a cheque by a creditor, as a form of payment, docs not discharge a debtor's obligation, unless the cheque value is paid by the drawee. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Middle East The Crime of Drawing Worthless Cheques

AlMelhem, A.A.
Journal of Financial Crime , Volume 4 (2): 2 – Apr 1, 1996
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1359-0790
DOI
10.1108/eb025776
Publisher site
See Article on Publisher Site

Abstract

The process of drawing cheques instead of cash is spreading, as a consequence of the expansion of banking operations, multiplicity of civil and commercial transactions and the simplicity of such drawing. A cheque is considered an instrument of payment, honoured instantly on demand. Thus a cheque may not be drawn for obtaining credit, and accepting a cheque by a creditor, as a form of payment, docs not discharge a debtor's obligation, unless the cheque value is paid by the drawee.

Journal

Journal of Financial Crime – Emerald Publishing

Published: Apr 1, 1996

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