Showing posts with label Cheque. Show all posts
Showing posts with label Cheque. Show all posts

Monday 21 March 2016

Cheque - A Brief Introduction And Requisites



Cheque - Sec.6 of the Negotiable Instruments Act defines a cheque as "A bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand". A cheque is defined as a bill of exchange. But it is different from a bill in many aspects.