Introduction Why do most people make their money transactions through the cheque method? Of course, it is a straightforward and secure method for all types of financial transactions. Whether the transaction is commercial or personal, it does not matter. But this method also has some positive and negative factors which we should know. What happens […]
(1) introduction: Personal transactions or business transactions need payment. All people like to have a cash payment. But sometimes, cash payment carries risk. To secure payment, people seek negotiable instruments like cheques or promissory notes. But it is sorry to say that most of the time, people make the mistake of using a cheque or […]
(1) What is a gift cheque? The gift cheque is another banking instrument used to gift money to loved ones, alternatively to hard cash. People use various types of cheques not only to make business or financial transactions easy and safe. In this global world, people may also like to use cheques for many other […]
What is the Meaning of material alteration in a cheque? Material alteration means altering or changing some material parts of the instrument and trying to make it a valid creation with the purpose of the nature of that instrument. Due to the effects of Material Alteration, the said in strument becomes a void. However, a […]