what is the difference between cheque and bill of
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1. A cheque is always drawn on a banker, while a bill of exchange may be drawn on any one, including a banker. 2. A cheque can only be drawn payable on demand; a bill of exchange may be drawn payable on demand, or on the expiry of a certain period after date or sight.
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cheque is always drawn on a banker, while a bill of exchange may be drawn on any one, including a banker.
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