What is cheque? And parties to cheque.

 Cheque (section 6)

[Negotiable instruments act 1881, India]

A cheque is a bill of exchange on a specified banker and payable on demand.

It includes the election image of a truncated cheque and a cheque in the electronic form.

Payable on demand means it should be payable whenever the holder chooses to present it to the drawee.

* Parties to cheque 

1. Drawer : The person who draws a cheque i.e. makes the cheque (Debtor). His liability is primary and conditional. 

2. Drawee : The specific bank on whom cheque is drawn. He makes the payment of the cheque. In case of cheque, drawee is always banker.

3. Payee : Person who is going to receive, or directed to be paid. The payee may be the drawer himself or a third party.