Question

what are the requirement of cheque​

Answer 1

Answer:

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The following are the essential features of a cheque:

• cheque must be in writing.

• It must contain an order to pay. Not a request to pay.

• The order to pay must be unconditional.

• A cheque must be drawn on a specified banker.

• It must be drawn by the drawer of the cheque.

• The cheque should be signed by the drawer.

• The order to pay must be for payment of money only.

• The order must be for the payment of certain sum of money.

• The order must be expressed to be payable on demand.

• The amount of the cheque must be made payable to certain person or to his order or the bearer of the cheque.