Logourl black

Duty of Inquiry

Definition

A common law rule under which a bank must inquire into the propriety of a negotiable instrument of significant amount presented to it by a third party attempting to negotiate the check for its own benefit.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.