Browsing by Author "Haftom Kesete"

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    The Law and the Practice of Using a Cheque as a Means of Payment in Ethiopia
    (Addis Ababa University, 2021-09-01) Haftom Kesete; Fekadu Petros
    A cheque should always be payable on demand without any precondition. The viability of using a cheque as a means of payment depends on the clarity of laws, consistency of court decisions, and the practice of banks. Despite this fact, the researcher, using both qualitative and quantitative methodologies, argues that cheques have been allowed to be used as an instrument of guarantee by court decisions including the federal cassation bench of Ethiopia as well as the malpractices of banks and the society at large. This gap in the law and anomalies of the practice can be filled by a canon of interpretation of laws and enacting a directive through the NBE. However, this approach alone doesn’t warrant cheques to be served as a substitution of cash and the researcher recommends for a legislative measure to be taken