Legal Question in Banking Law in
can an company take a blank cheque from a delar
Asked on 7/28/10, 8:23 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
There is no prohibition in law either for a natural person or a juristic person like an incorporated company from taking a blank signed cheque from its debtor or obligant. Only thing is that the person who takes such a blank cheque can legally fill up the same for what is legally due to him or it. That's all
Answered on 7/29/10, 7:46 am
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