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Kinds of acceptance: General acceptance: The drawee can accept bills of exchange in favour of drawer. The drawee can sign bills of exchange by adding...
Acceptance of bill The seller draws a bill of exchange. It is sent to the debtor for acceptance. The debtor can put his signatures. He can write the...
Presentment means showing bill of exchange to drawee, acceptor maker for acceptance, or payment. Presentment is made to know the intention of drawee about...
Holder Holder is any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto...
Parties to bill of Exchange Drawer: The maker of bills of exchange is called drawer. He sells goods and services to customers. He has right to prepare...
Bills of exchange versus cheque Bills of exchange Cheque Drawee The drawer may be a banker or any other person. The drawee is always a bank...
Kinds of Cheques A- Main Kinds Bearer cheque: A bearer cheque is payable to any person who presents it at the counter of drawee bank for payment...
Definition: According to section 6 of the Negotiable Instrument Act 1881, cheque is a bill of exchange drawn on a special banker and not express to be...
The origin of word cheque is not traceable. In London during 17th century the gold smiths honored the order of their customers to pay stated amount to...
Promissory note versus bill of exchange Promissory note bills of exchange Persons There are...
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