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

Assignment Help:

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.


Related Discussions:- Differences between cheques and other bills of exchange

Implied powers, Implied Powers:                                     Th...

Implied Powers:                                     The statement of Lord Cairns in 1875 in Ashbury Rail Co Ltd v Riche (22) to the effect that a contract beyond the objects o

General Partner - Liability of Partners, General Partner - Liability of Par...

General Partner - Liability of Partners The General partner's liability extends for the whole of the debts to the partnership. Thus he is jointly with the other partners. Conv

Define the term - bliss point, Define the term - bliss point A country...

Define the term - bliss point A country's bliss point is the outcome of monetary growth rates that gives that country its highest possible level of welfare. The bliss point fo

Define the nuclear law of international law, Nuclear law The importance...

Nuclear law The importance of international law relating to nuclear law lies in the fact that it regulates, conducts and prohibits the use of nuclear weapons. The United Nation

Successfully sue michael in negligence, It was late at night and very wet a...

It was late at night and very wet and, rather than wait for a taxi to take her home, Anna was only to happy to accept a lift from Michael. He smelt strongly of alcohol and had trou

Income statement, Frantic Fast Foods had earnings after taxes of $420,000 i...

Frantic Fast Foods had earnings after taxes of $420,000 in 2012 with 309,000 shares outstanding. On January 1, 2013, the firm issued 20,000 new shares. Because of the proceeds from

Termination of agency - agency law, Termination of agency - Agency Law ...

Termination of agency - Agency Law However an agency relationship may come to an end through: like; Mutual agreement, or consent Withdrawal of consent Performance,

Name the issue pertaining to state succession, Name the issue pertaining to...

Name the issue pertaining to state succession The first issue pertaining to state succession is treaties. The new state would have to embark upon with the treaties signed by th

Safety and health officer in an organization, QUESTION 1 What are the d...

QUESTION 1 What are the duties of an Occupational, Safety and Health officer in an organization? QUESTION 2 Section 47 (1) of the Occupational, Safety and Health Act st

Spill over effects of monetary policy, Spill over Effects of Monetary Polic...

Spill over Effects of Monetary Policy There are three broad ways in which aggregate demand policies in one country can spillover to affect another country. These are the real i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd