Axis
Banned
there is a strong relationship between cheque and money.
we all know that money is generally accepted means of exchange in which one can use it to purchase goods and services. well check is a bill of exchange in which the drawer is the one that write it to a bank to pay on demand a specific amount of money to the person in who the check is meant to be given that is the payee. I'm in the check it contains some features like the amount in which he will pay in words and figures they dates and the signature.
and there are three parties that take part in a cheque.
the first party is the drawer this is a person that is responsible for issuing a cheque and he is the main owner of the account in which the check is being drawn is the person that signed the check and give orders to the bank to pay his or creditor.
the second party is the drawee this is the party in whom the check is is being drawn. and this party is the bank this are the people that will settle all the requirements need in the check.
why the last party is the payee the pay is the person to whom the check is being made payable that is is a person that will take the check to the drawee to make the necessary settlement needed
we all know that money is generally accepted means of exchange in which one can use it to purchase goods and services. well check is a bill of exchange in which the drawer is the one that write it to a bank to pay on demand a specific amount of money to the person in who the check is meant to be given that is the payee. I'm in the check it contains some features like the amount in which he will pay in words and figures they dates and the signature.
and there are three parties that take part in a cheque.
the first party is the drawer this is a person that is responsible for issuing a cheque and he is the main owner of the account in which the check is being drawn is the person that signed the check and give orders to the bank to pay his or creditor.
the second party is the drawee this is the party in whom the check is is being drawn. and this party is the bank this are the people that will settle all the requirements need in the check.
why the last party is the payee the pay is the person to whom the check is being made payable that is is a person that will take the check to the drawee to make the necessary settlement needed
