Explain the Difference Between a Certified Check, a Cashier's Check

question 11

Essay

Explain the difference between a certified check, a cashier's check, and a teller's check.

---

Definitions:

Remedies

Legal measures or actions available to a party to enforce a right or redress a harm.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly intended to deceive the other party, leading to a contract or agreement being voidable.

Innocent Misrepresentation

A false statement made honestly and without the intent to deceive, which may lead to the voiding of a contract if relied upon by the other party.

Rescission

The cancellation of a contract, returning all involved parties to their state before the contract was made.