Is there a safe cheque in the light of the risks associated with a cheque as a method of payment?

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Periodical article

Title:	Is there a safe cheque in the light of the risks associated with a cheque as a method of payment?
Authors:	Ailola, David Mofokeng, Ntsietso
Year:	1998
Periodical:	Lesotho Law Journal: A Journal of Law and Development
Volume:	11
Issue:	1
Pages:	47-66
Language:	English
Geographic term:	Lesotho
Subjects:	banking money financial policy
Abstract:	The use of cheques for the payment of salaries and other dues is a growing trend in Lesotho. The operation of cheques is regulated by the Lesotho Bills of Exchange Proclamation 13 of 1912, the common law, as well as banking trade usage. Although cheques are perceived as a safe mode of payment, they are open to abuse and misuse. This article examines the risks associated with the use of cheques from the standpoint of a drawer, a bank, and the payee/holder through an analysis of the different methods of drawing cheques, with specific reference to Lesotho legislation. Notes, ref.