The Salient Features of a Cheque

¬†The Salient Features of a Cheque Cheque A cheque is a document of great importance in the business world. It can be passed from one hand to another easily and …

Crossing of Cheque

¬†Crossing of Cheque A cheque may be classified as: (a) an open cheque which is payable over the counter (b) a crossed cheque which is payable only through a collecting …

How to Endorsement

How to Endorsement How to Endorsement A negotiable instrument may be transferred by negotiation or assignment. Negotiation can be effected by mere delivery if the instrument is a bearer one …

What Precautions to honor Cheque

What Precautions to honor Cheque What Precautions to honor Cheque The relation between a banker and his customer is that of a debtor and creditor. Money deposited with a banker …

How to Cheque dishonor

How to Cheque dishonor   A paying banker is under a legal obligation to honor his customers mandate. He is bound to do so under his contractual relationship with his …