• It's Not Just the Exchange Rate or the Spelling
  • August 12, 2005 | Authors: Peter R. Greene; W. Michael G. Osborne
  • Law Firm: Affleck Greene McMurtry LLP - Toronto Office
  • The Substantial Differences Between Canada and the US in Handling Cheque (Check) Fraud Claims Implications for Insurers. In Canada, "check" is spelled "cheque"; and cheques are, of course, generally written in Canadian dollars and drawn on Canadian banks. Those are not, however, the only differences between Canadian and US law and banking practices relating to cheques. There are several key substantive differences between Canadian and US law of cheques, particularly the law relating to forgeries on cheques. Insurers need to be aware of these differences in writing policies, underwriting risk, and evaluating claims.