Alhaji Abubakar is a wealthy customer of your branch who is currently away on a “Hajj Trip” to Saudi Arabia. The branch receives a telephone call from a stranger who says he is Mr. Kwame Bobo, who says that he is a photographer and that Alhaji Abubakar, prior to going abroad, had given him a crossed cheque for GHȼ20,000 in payment for pictures. The cheque has been lost and Mr. Bobo asks if your branch will stop payment of the cheque if it is presented. He leaves his telephone number in case of need. The cheque is discovered in the days clearing. It is properly drawn in favor of Mr. Kwame Bobo and is endorsed “Kwame Bobo” on the back. Explain clearly how would you deal with the cheque?
Alhaji Abubakar is a wealthy customer of your branch who is currently away on a “Hajj Trip” to Saudi Arabia. The branch receives a telephone call from a stranger who says he is Mr. Kwame Bobo, who says that he is a photographer and that Alhaji Abubakar, prior to going abroad, had given him a crossed cheque for GHȼ20,000 in payment for pictures. The cheque has been lost and Mr. Bobo asks if your branch will stop payment of the cheque if it is presented. He leaves his telephone number in case of need. The cheque is discovered in the days clearing. It is properly drawn in favor of Mr. Kwame Bobo and is endorsed “Kwame Bobo” on the back. Explain clearly how would you deal with the cheque?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Alhaji Abubakar is a wealthy customer of your branch who is currently away on a “Hajj Trip” to
Saudi Arabia. The branch receives a telephone call from a stranger who says he is Mr. Kwame
Bobo, who says that he is a photographer and that Alhaji Abubakar, prior to going abroad, had
given him a crossed cheque for GHȼ20,000 in payment for pictures. The cheque has been lost and
Mr. Bobo asks if your branch will stop payment of the cheque if it is presented. He leaves his
telephone number in case of need. The cheque is discovered in the days clearing. It is properly
drawn in favor of Mr. Kwame Bobo and is endorsed “Kwame Bobo” on the back.
Explain clearly how would you deal with the cheque?
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