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Hindu Succession
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Dishonour Of Cheque
A cheque plays a very important role in every business transaction. The payment through cheque has many advantages over other forms of currency. Firstly no need to carry cash currency. It makes the process of payment very much easy. Not only can a cheque be drawn for the required amount- small or large, but also the making and receiving of payment by specially crossed cheque are free from these risks, which are attendant upon money payments. Secondly, in the case of loss of or theft of a cheque, the holder can, by requesting the drawer, have its payment stopped and thus avoid the loss. Thirdly cheque has an inherent mechanism built-in itself and it has e right of action infused in it. The ho...
Hindu Laws
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