CHEQUE

Cheque is a written order to the bank made bye the
depositor to pay a certain sum of money to the specified
person/party on the cheque .It is always drawn upon a
specified banker and and the amount specified on it is
always payable on demand of cheque.A cheque has all
the feature of bill of exchange and some more besides.
therefore all cheque are bill of exchanges, but not all of
exchanges,but not all of exchanges are cheque.The essential
factor of cheque can presented as follows:
~ It is an instrument in written.
~ It is an unconditional order.
~ It should be drawn on a specified banker.
~ It is always payable on demand.
~ The payee must be certain.