Certification is an undertaking by the bank to pay the amount of the cheque to the drawer when it is presented for payment.

Name: Certification is an undertaking by the bank to pay the amount of the cheque to the drawer when it is presented for payment.
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Question

Quizplus · Accepted Answer

Certification of a cheque is an undertaking by the bank to pay the amount of the cheque to the bearer or payee, not the drawer, when it is presented for payment. The drawer is the person who writes the cheque.

Certification Is an Undertaking by the Bank to Pay the Amount