Differences between a “Cheque” and a “Bill of exchange”

State two differences between a “Cheque” and a “Bill of exchange”

Cheque: it’s a bill of exchange drawn on a banker, payable on demand. It’s a negotiable instrument, negotiable by delivery or by endorsement and delivery, while a bill of exchange is unconditional order made in writing addressed by one person to whom it is addressed to pay on demand to the other of a specified person or to a bearer.



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