Account abbreviation clarifies that a check's A/C is a transactional memorandum, not a bank instruction. The abbreviation 'A/C' denotes account and, on a check, serves as a memorandum identifying the transaction for which the check was issued rather than an instruction to the bank to credit the named payee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Account abbreviation clarifies that a check's A/C is a transactional memorandum, not a bank instruction.
The abbreviation 'A/C' denotes account and, on a check, serves as a memorandum identifying the transaction for which the check was issued rather than an instruction to the bank to credit the named payee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.