• Name: Naif Creedy
  • Date :2018-01-08
  • Time :03:58 pm

Please reply to my consultation What is the difference between a check and a bill?

Reply on the consultancy

Replies on the consultancy

Jarallah Al-MARRI

Countrykuwait

Date2018-01-08

Time:04:32 pm

The check is similar to the bill of exchange, but Different from it in two things: 1. It is always due to meet its value as soon as it is viewed or submitted to the bank because it is a fulfillment tool and because it does not perform a credit function, although it is used as a credit tool in some cases, Legally. 2 - Check drawn on the bank or the bill drawn on people or other parties.

The check is similar to the bill of exchange, but Different from it in two things: 1. It is always due to meet its value as soon as it is viewed or submitted to the bank because it is a fulfillment tool and because it does not perform a credit function, although it is used as a credit tool in some cases, Legally. 2 - Check drawn on the bank or the bill drawn on people or other parties.

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