Cheque Types-Crossing of cheque and Endorsement Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque 1. An open cheque is payable at the counter of the […]
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Category: Cheque
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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