In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

The National Commission held that any individual possessing a bearer instrument is legally entitled to encash it, and the bank is bound to honour such an instrument when it is presented for payment.

The reason by which His Lordship arrived at the aforesaid conclusion was that a cheque, as defined in S.73 of the English Bills of Exchange Act, 1882, was a bill of exchange drawn on a banker payable ...