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³An unconditional order in writing drawn on a specified banker, signed by the drawer, requiring the banker to pay on demand a sum certain in money to, or to the order of, a specified person or to the bearer, and which does not order any act to be done in addition to the payment of money´
3
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(Law of Banking by Dr. Hart, p.327).
5.1.4) the Requisites of Cheque
There is no prescribed form of words or design of a Cheque, but in order to fulfill therequirements mentioned in Section 6 above the Cheque must have the following.a)
It should be in writing b)
The unconditional order c)
Drawn on specific banker onlyd)
Payment on Demande)
Sum Certain in moneyf)
Payable to a specific persong)
Signed by the drawer
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How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
What is a CAS cheque?
cas cheque
What is a copy of a cheque called?
duplicate cheque
What is the function of a cheque butt?
Functions of a cheque
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requisites of a good classification?
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Yes, it is.
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How do you check a cheque?
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
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The Two Basic Requisites for a healthy scalp are Cleanliness and Stimulation. :D
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
Is the correct grammar a cheque of or a cheque for?
cheque of is a right grammar!
Is a cheque also called a cheque leaf?
Yes. A Single cheque is also called a cheque leaf
