Why should Banks honour the bearer cheques?
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A bearer cheque is generally drawn in favour of a payee whose name is not mentioned on the cheque. So handling these kinds of cheques can be risky, because if a bearer cheque is lost, the person who finds it becomes the bearer of the cheque and is eligible to collect cash from the bank.
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A bearer cheque is generally drawn in favour of a payee whose name is not mentioned on the cheque. So handling these kinds of cheques can be risky, because if a bearer cheque is lost, the person who finds it becomes the bearer of the cheque and is eligible to collect cash from the bank.
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Mark Brilliant
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