Cheque. A cheque cannot be cancelled if the bank has authenticated it or when replying to a cover inquiry has made a cover reserve in the account corresponding to the amount of the cheque. Cheque forms must be kept with care and the bank must be notified of any loss immediately. The account holder is liable for damage if the bank has to redeem a cheque even if there is no cover in the account or if the case involved a misuse. Upon the expiry of the account relationship or on the bank's demand, cheques must be returned to the bank.
Appears in 3 contracts
Sources: Account Agreement, Account Agreement, Account Agreement