The Crossed Cheque in the Yemeni Commercial Law Conception, Purpose, and Legality

Abstract

The present study is aimed at examining the conception, purpose and legality of the crossed cheque under commercial regulations in Yemen. The comparative-descriptive method is adopted to investigate how commercial regulations (including those applicable in Yemen) perceive the conception of the crossed cheque, as well as the definitions of it provided by the jurisprudents of the commercial law. The purpose of issuing this type of cheques is then examined in view of the explanations and reasoning given in commercial regulations and judicial rulings. The study finally concludes with a clarification of the legality of the crossed cheque.)