Abstract
Like other negotiable financial instruments, cheques are subject to commercial legal rules, which protect these bills to ensure trust, simplicity, and fast circulation and transmission. Unlike other bills, the cheque has a criminal protection in addition to its commercial protection. This is the reason behind using cheques as a security bill, although in its origin, it is just a payment instrument not providing any credit to the payee. Moreover, some cheques are used as security cheques with no intention to pay its facial value. Security cheques raise many questions about the applicable legal rules, since it is a negotiable bill that existed through trading and customs and have not been regulated by the legislation yet. So, this study is devoted to finding the appropriate legal answers to the following two questions: How are the legal relationships between its parties regulated? And, how these cheques are protected?
Recommended Citation
Al-Nuaimi, Alaa
(2016)
"The Provisions of Security cheque from the Perspective of Commercial Law,"
UAEU Law Journal: Vol. 2016:
No.
67, Article 1.
Available at:
https://scholarworks.uaeu.ac.ae/sharia_and_law/vol2016/iss67/1