Middle East: The Crime of Drawing Worthless Cheques

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.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