Bank checks are usually considered "as good as cash" because the bank is solely or primarily liable for payment.

Question

Quizplus · Accepted Answer

Bank checks are considered "as good as cash" because the bank, as the issuer of the check, is responsible for making sure that the funds are available and that the check is legitimate. Therefore, the recipient of the check can be sure that they will be paid as long as the bank honors the check.

Bank Checks Are Usually Considered "As Good as Cash" Because