A Minor Who Makes a Cheque Payable to a Holder

question 1

True/False

A minor who makes a cheque payable to a holder is always liable to the holder.

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Definitions:

Statutory Assignment

An assignment that meets certain qualifications and under which the assignee can enforce a claim directly without involving the assignor.

Perished

Refers to goods or property that has been destroyed or has deteriorated to the point where it is no longer usable or valuable.

Lumber

Processed wood used for building and construction purposes.

Void

Describes a contract or legal agreement that has no legal force or effect, making it unenforceable from the outset.