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Can a payee refuse not to cash a check because they hate that person?
Wiki User
∙ 12y ago
No, they cannot. A check is a legal tender. Once issued, it has to be honored/paid. Failing which, the person who issued it may be arrested for issuing a fake check.
Wiki User
∙ 12y ago
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What is the difference between payor and payee?
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
A person whom a check is written?
Payee
Who is the person to whom a check is made payable is called?
The payee
If a payee wants to transfer a check to another party the payee would use?
To transfer a check to another person you can sign the back and have them sign the back, as well. Once they sign the check, it is their check.
Which person signs the front side of the check the payee or payer?
The payer.
What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
What is the difference between payor and payee?
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
What is a payee?
The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.
A person whom a check is written?
Payee
Who is the payee on a check?
The person who is going to receive the funds from the check.
Why a bank may refuse an account payee only check?
A bank may refuse to accept an account payee cheque if: a. The person trying to cash the cheque doe not have an account with the bank b. If the name on the cheque does not match the person trying to cash it c. If the cheque is expired (More than 90 days in the past) d. If the signature on the cheque does not match the signature of the person who issued the cheque
Who is is the person who receives the sum written on a check?
it is the payee
What do you call a person who signs a check?
payer or payee, deponds on which person it signing it.
Who is the person to whom a check is made payable is called?
The payee
What does loss payee means on a home insurance policy?
The loss payee is the person or entity who will be on the claims settlement check.
Who is the drawer of a check?
The bank is the drawee.The person writing the check is the maker or drawer.The person to whom the check is written is the payee.
What is the differences between payee and payer?
Payer is the person who pays money using a check whenever it's paid or due. Payee is the person who receives a check or a money order that is or will be paid or due.
