Legal Question in Banking Law in United Arab Emirates
Can a bank cheque issued for 'Account Payee only' be endosed to a third party?
Asked on 4/24/13, 10:19 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
25.04.2013
Dear Sir / Madam,
Yes. The cheque can be endorsed to a third party though not a prevalent practice.
Regards,
Answered on 4/25/13, 3:05 am
Related Questions & Answers
-
I have amortgage in dubai which i have continued to pay.Since th eproperty market... Asked 4/17/11, 10:13 am in United Arab Emirates Banking Law
-
Hi,I took a personal loan amount of Dhs 660000 for 60 months . I'm paying my... Asked 11/09/10, 9:34 am in United Arab Emirates Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
