The Litigation Knowledge Series (3)

in #law2 years ago

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Whether a Cheque is equivalent to Money:

"A cheque in strict sense, is an order or request for payment until the cheque is honoured or cleared and the amount on it paid, it is not money.
A cheque is an instrument of payment which metamorphosis into physical cash on due presentation at the bank. It is not money until it is honoured and paid."

MRS. JOSEPHINE DAKOUR & ORS V. LAGOS STATE URBAN RENEWAL BOARD & ORS (2015) AELR 6906 (CA)
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