Bill of exchange | Cheque |
· Can be drawn on any person including a banker.
· Is payable on demand or at a fixed or determinable future time.
· Is discharged if not presented.
· Cannot be crossed.
· Notice of dishonour must be given. · May be noted and/or protested.
· May be discounted. |
· Can only be drawn on a banker.
· It is payable on demand. · May be crossed. · Notice of dishonour need not be given. · Is not discharged by non-presentation. · Cannot be noted and/or protested. |
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