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Liability of drawee bank for forgeries d. Checks operating as Assignment B. Kinds of Checks 1. Memorandum Check 2. Letter of Credit a. Revocable/Irrevocable Letters of Credit b. Back-to-Back Letter of Credit c. Revolving Letter of Credit d. Red-Claused Letter of Credit 3. Crossed Check a. General Crossing b. Special Crossing 4. Stale Check