Commentary

31 Postal and money orders

BILLS OF EXCHANGE vol 4(1)
| Commentary

31 Postal and money orders

| Commentary

31 Postal and money orders

A Post Office company has power to issue money orders and postal orders1. Money orders have become somewhat rare, which is perhaps just as well so far as banks are concerned because a bank has no statutory protection if it is found that the order should not have been paid2 There is no such difficulty in the case of postal orders. A bank in the United Kingdom which receives payment for a postal order will not incur liability to anyone except its principal for having received the proceeds or presented the

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