A cheque without any details bearing only the signature of the drawer is called blank cheque. This is also called inchoate (incomplete) instruments.
Showing posts with label Bank Cheque. Show all posts
Showing posts with label Bank Cheque. Show all posts
Saturday, July 31, 2010
Ante-dated Cheque?
A cheque bears a date earlier to the date on which the cheque is drawn. For example, a cheque drawn on January 15 bearing date January 10 is an ante-dated cheque. Bank generally pay an ante-dated cheque.
Friday, July 30, 2010
What is cheque?
Cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. (an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or the bearer of the instrument.)
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