Businesses commonly use restrictive covenants, such as "for deposit only," to ensure that the bank is instructed to deposit each cheque endorsed in a like manner into a particular account.
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Q42: A written contract that contains an unconditional
Q43: A retailer who has made a substantial
Q45: A cheque is a written promise to
Q45: A promissory note is a written order
Q47: Retailers embraced debit card use by consumers
Q48: One of the difficulties presented by the
Q51: Individuals who conduct contractual business with banks
Q52: The contract that specifies the rights and
Q57: The risk associated with a retailer accepting
Q57: In situations where the bank fails to
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