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Cheque

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A Cheque is a Negotiable Instrument. It is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.

Essential features of a Cheque

  • It must be an order in writing
  • It is an unconditional order
  • It must be drawn on a banker
  • Signature
  • Payable to order or bearer
  • Date

Essential characteristics of a Cheque

  • Transferability
  • Holder in due course
  • Right of action

Related Cases / Recent Cases / Case Laws

See Also