Differences between cheques and other bills of exchange, Business Law and Ethics

Differences Between Cheques And Other Bills of Exchange

However the following are some of such the differences between like cheques and such other bills of exchange: like;

(a) A cheque is drawn on a drawee acknowledge as "banker" and such cannot be drawn on various other drawee there. a bill of exchange that is not a cheque such can be drawn on anybody, although an individual, although a firm or a body corporate like group.

(b) A cheque is payable such on demand and that cannot be paid upon a fixed or whenever determinable future time also. Further a bill of exchange such is not a cheque that can be drawn payable upon a fixed or whenever determinable future time also.

(c) It is payable on demand, such a cheque cannot legally be admired through the drawee: like Bank of Baroda v Punjab National Bank there. Further a bill of exchange other than a cheque such can be accepted it is not drawn payable on that demand since is payable upon a fixed or determinable future time there.

(d) Moreover a cheque can be crossed whenever other bills of exchange such are not legally crossed however so.

Posted Date: 2/2/2013 8:18:46 AM | Location : United States







Related Discussions:- Differences between cheques and other bills of exchange, Assignment Help, Ask Question on Differences between cheques and other bills of exchange, Get Answer, Expert's Help, Differences between cheques and other bills of exchange Discussions

Write discussion on Differences between cheques and other bills of exchange
Your posts are moderated
Related Questions
Void Contracts - Law of Contract However these are contracts which the law treats as non-existent.  Thus as a general rule illegal contract is only void although not certain r

Enumerate the Working of coordination mechanism Take interesting case which will clarify the working of coordination mechanism better. If a member State in EMU, defaults on it

Rules Relating to an Offer - Law of Contract However the case law relating to an offer has established the following rules: 1. Such offer may be oral plus written or may be

Experience Law This is a law of marketing beginning that the unit cost of value added to a standard goods, calculated in constant currency, declines by a constant percentage ea

QUESTION Many governments around the world have sought to address the problems posed by materials on the Internet that are illegal under their offline laws, and those considered

Determine the reasons of policy perspective The term system is needed for two reasons: i) It encompasses all sovereign states and therefore possesses the virtue of being com

Valid But Irregular Allotments: An allotment of shares is valid but irregular under S.52 (3) if it was made before the time of the opening of the subscription lists. The secti

Remedies of the Ultra Vires Lender:                          In Sinclair v Brougham (26) the House of Lords explained that no action or suit lies at law or in equity to recove

Registration of Resolutions: By S.143(1) a printed copy of the following resolutions shall, within 30 days after the passing thereof, be delivered to the registrar for registr

Define the term - agenda amendments The solution to the above lies in the rules of policy or agenda amendments and the real weapon in the hands of the voter is their ability t