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
Group Accounts' form: S.151(1) provides that the group accounts laid before a holding company shall be consolidated accounts comprising- (a)   like with a consolidated bala

Defendant, Jones, is charged with several counts of possession of drugs and weapons. In the early morning hours, a 911 caller reported: "I hear a loud disturbance from Joe Jones' a

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

WITH REFERENCE TO THE STANDARD FORM CONTRACT (in isolation) 1. Explain the legal issue that clause 1 of the standard form contract is addressing and what it is aiming to achiev

PROTECTION OF CREDITORS: Where the reduction of capital involves diminution of unpaid capital or repayment to shareholders of paid-up capital, creditors have a statutory right

Question 1: (a) What is meant by: (i) Ratio Decidendi (ii) Obiter Dicta (iii) Legal Doctrine (b) Distinguish between Criminal Law and Civil Law.

Challenging an Arbitral Award Conversely a party dissatisfied through an arbitral award any challenge that it in the High Court and the High Court might set it aside whether i

Group Accounts: S.150(1) provides that if, at the end of its financial year, a company has subsidiaries, then it must include in its annual accounts "group accounts" dealing w

ASSETS IN THE POSSESSION OF CREDITORS:  If the creditor has seized assets in the course of executing a judgement for debt against the company and at the commencement of the wi

QUESTION 1 (i) What are closed shop agreements and whether there are any legal remedies if such agreements do exist? (ii) Industrial relations are the relationships between