Middle East: The Crime of Drawing Worthless Cheques

Journal of Financial Crime

ISSN: 1359-0790

Publication date: 1 April 1996

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.

Citation

Al‐Melhem, A. (1996), "Middle East: The Crime of Drawing Worthless Cheques", Journal of Financial Crime, Vol. 4 No. 2, pp. 187-188. https://doi.org/10.1108/eb025776

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Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

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