Question

What are the three items that a check for payment warrants?

Please list all 3:

Answer 1

The Three Items that a check for payment warrants..

1. The check which is a written document orders to the bank to pay mentioned amount to the bearer or payee. And the bank is involved in this process.

2. The check can only be issued against the fund available in the bank account at the time of presenting the date or period after the date (stipulated) of the check. The issuer of the check should maintain the respective amount in the bank while clearing the check.

3. The Issuer signing with given date in the check and the payee can present in the bank, the bounsing of the check is a criminal offense. So the payment is warrants.