1. World problems
  2. Conflicting national laws governing cheques

Conflicting national laws governing cheques

Nature

The validity of a cheque; the requirements relating to the drawing and form, the negotiation, the presentation and payment; and the recourse for non-payment, are all governed by national law. Conflicting national laws may lead to different results as to the rights and obligations of the parties concerned in the event of a dispute relating to a bill or a note which has connections with more than one country. This adds a degree of uncertainty to international commercial transactions and may result in a grave injustice for one or more of the parties concerned.

Broader

Conflict of laws
Presentable

Aggravates

Value

Conflict
Yet to rate

SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(E) Emanations of other problems
Subject
Content quality
Presentable
 Presentable
Language
English
Last update
Oct 4, 2020