Tag: meaning, definition and characteristics of promissory note

________  of the Negotiable Instrument Act, 1881 defines, ''A cheque is a bill of exchange drawn on a specified banker and not expressed to be payble otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.''

The Negotiable Instruments Act, 1881 has recognised an _____________ also as a cheque.

 A cheque does not include the electronic image of a truncated cheque and a cheque in the electronic form.

A cheque is always payable on demand.

The term "a cheque in the electronic form" is defined in the Negotiable Instruments Act, 1881 under _______.

Cheque is as _______________.

If the words "not negotiable' are used with special crossing in a cheque, the cheque is _______________.

A Promissory Note or Bill of Exchange can be made payable ___________.