1. Bearer cheque: This is a cheque whose proceeds are payable to the holder.
2. Order Cheque: This is a cheque whose proceeds are payable to specified person or his
order. Whereas a bearer cheque is negotiable by delivery an order cheque is negotiable by
endorsement or delivery.
3. Open Cheque: This is a cheque whose proceeds are payable across the counter.
4. Crossed Cheque: Is a cheque that contains two parallel transverse lines on its face with or
without account. A crossing is an instruction to the banker not to pay the proceeds across the
counter.
sharon kalunda answered the question on April 12, 2019 at 13:47
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How does a cheque differ from a bill of exchange.
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How does a cheque differ from a bill of exchange.
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April 12, 2019
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Outline the characteristics of Negotiable Instruments.
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What is a negotiable instrument?
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April 12, 2019
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April 12, 2019
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April 12, 2019
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Outline the two types of indemnities.
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Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation.
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April 12, 2019
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April 12, 2019
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Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.
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April 12, 2019
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State the content of the Hire Purchase agreement.
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April 12, 2019
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Outline the content of the hire purchase contract.
Date posted:
April 12, 2019
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