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A cheque is a commercial paper that includes an order by the drawer to the drawee to pay at sight a certain amount of money to a specific person or to his order, who is the beneficiary or holder of paper. According to this concept, the cheque cannot be considered a real cheque unless the paper has included specific conditions stipulated under Article 596 of the Commercial Procedures Law, issued as per the Federal Law No. (18) on 07/09/1993, specifically the following: The term “cheque” should be written in the language used on the cheque. The order should not depend on … Continue reading Cheque and Period Preventing the Hearing of the Civil & Penal Lawsuits in UAE
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