1/10/2024 0 Comments Blank check scrappad![]() Sir Arthur Conan Doyle used the term carte blanche in several of his Sherlock Holmes stories. In March 2003, Gordon Brown, the British Chancellor of the Exchequer, "effectively offered a blank cheque for war against Iraq", and would thus '"spend what it takes" to tackle Iraq's weapons of mass destruction.'.The Emperor Francis Joseph may, however, rest assured that His Majesty will faithfully stand by Austria-Hungary, as is required by the obligations of his alliance and of his ancient friendship. German Chancellor Theobald von Bethmann Hollweg told the Austrian ambassador in Berlin that the Austrian Emperor had the support of the German Kaiser:įinally, as far as concerns Serbia, His Majesty, of course, cannot interfere in the dispute now going on between Austria- Hungary and that country, as it is a matter not within his competence. Thousands of new, high-quality pictures added every day. It led to the start of the First World War. Find Blank Check stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. On July 5, 1914, Germany gave Austria a "blank cheque" in handling its punishment of Serbia regarding the assassination of the heir to the Austrian throne.Metaphorical meaning In finance Ī "blank cheque company" refers to a company in development that has no specific business plan, such as a special-purpose acquisition company. It is legally equivalent to changing the numbers on a completed (non-blank) cheque. Writing an amount in a blank cheque, without the authority of the signer, is an "alteration". Under American law, a blank cheque is an example of an " incomplete instrument" as defined in the Uniform Commercial Code's Article 3, Section 115 (a). A blank cheque can be extremely expensive for the drawer who writes the cheque, because whoever obtains the cheque could write in any amount of money, and might be able to cash it (if the current account (US: checking account) contains sufficient funds, and depending on the laws in the specific country). ![]() 'white card') is used in a similar way.Ĭheque writers are advised to specify the amount of the cheque before signing it. In the figurative sense, it is used to describe a situation in which an agreement has been made that is open-ended or vague, and therefore subject to abuse, or in which a party is willing to consider any expense in the pursuance of their goals. For other uses, see Carte Blanche (disambiguation).Ī blank cheque in the literal sense is a cheque that has no monetary value written in, but is already signed.
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