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Scheck Defined


SCHECK DEFINED. A check is defined by Mr. Daniel as "a draft or order upon a bank or banking house, purporting to be drawn upon a deposit of funds for the payment at all events of a certain sum of money, to a certain per son therein named, or to him and his order, or to bearer, and payable instantly on demand." (Neg. Inst., Sect. 1566.) While Professor Tiedeman describes a check as "having essentially the char acteristics of a bill of exchange, and differing from the bill in being drawn on a bank or banker, appar ently and presumptively against a deposit of funds, and payable on demand without grace." (Corn. Paper, Sec. 43o.) A check is in the following form: