Once a cheque is presented for payment and payment is refused, the cheque is deemed not ‘duly paid’.
Citations:
[1979] 2 Lloyd’s Rep 361
Jurisdiction:
England and Wales
Cited by:
Cited – Florentino Comm Giuseppe Sri v Farnesi and Another ChD 11-Feb-2005
Company directors drew and signed company cheques, but the cheques did not bear the word ‘limited’ or permitted substitute. The cheques were not met and the claimants sued the signatories personally.
Held: The section made the signatory of . .
Lists of cited by and citing cases may be incomplete.
Banking
Updated: 19 July 2022; Ref: scu.223442