A cheque is defined as Bill of Exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. In other words, it is a Bill of Exchange drawn on a banker which is payable on demand.
Cheques are of various types that are as follws they are:
1 bearer cheque: it is a cheque which is either expressed to be so payable or on which the last or only endorsement is an endorsement in blank.
2 Order cheque: it is a cheque which is expressed to be so payable or which is expressed to be payale to particualar person, without containing words prohibiting transfer or indicating that it is not transferable
3 Open cheque: it is a cheque, which can be presented to the banker on whom they are drawn and paid by them over counter. There be3ing always a great danger of such cheques being stolen or lost the commercial community invested the method crossing cheques
4 crossed cheque: it is chaque, which can not be cashed at the counter, but which can be collected only y a bank from the drawer bank. Crossing may be of two types:
(A) general crossing
(B) special crossing