Question

Why should Banks honour the bearer cheques?​

Answer 1

Answer:

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.

Answer 2

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.

.

.

Mark Brilliant