There are 3 parties to a CHEQUE :
1.The person who draws the cheque known as the DRAWER.
2.The DRAWEE on which the cheque is written or the BANK.
3.The PAYEE to whom the amount of the cheque is paid by the bank
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Parties to a Cheque |
There are 3 parties to a CHEQUE :
1.The person who draws the cheque known as the DRAWER.
2.The DRAWEE on which the cheque is written or the BANK.
3.The PAYEE to whom the amount of the cheque is paid by the bank
©2006 Update by Kaie | Corrected by TFY Burajiru | Original From: GeckoandFly.