Document Type
Article
Publication Date
1-1985
Abstract
A. Travelers Checks Defined 1. Courts have variously described travelers checks as certificates of deposit, negotiable instruments, securities, cash, and cashier's checks. 2. The most persuasive analysis seems to treat travelers checks as cashier's checks on which the issuer is both the drawer and the drawee, the purchaser once he has countersigned is the payee, and both the purchaser and the next recipient are indorsers.
Recommended Citation
White, James J.. "Travelers Checks." ALI-ABA Course Materials J. 9, no. 5 (1985): 103-7.