What is cheque? Explain the parties involved in it.
Cheque is an order issued on a bank by a person or firm having deposit in the bank to pay on demand the mentioned sum of money to the person or the firm named there in or to the bearer of the cheque. Cheque is in printed form supplied to the depository the bank for withdrawing cash. It is a very convenient and safe method of many payment. Blank cheque forms are supplied to the depositors in a book form where all application form for obtaining another cheque book is attached to it. Each cheque...