What are my rights if the payee named on the cheque endorses it over to me, and it is subsequently returned?
The CPA Rules deal only with the clearing and settlement of payment items; therefore this issue is outside their scope. By way of general information, the Bills of Exchange Act deals with the negotiation of payment items (e.g. endorsing a cheque over to another person) and defines the rights of all parties to a cheque, including the person to whom it has been endorsed.
