Report No. 11
44. Sections 6-7 -
"Cheque", "drawer", "drawee", "acceptor", "payee".- We have shifted the definitions of "cheque", "drawer", "drawee' and "drawee in case of need", "acceptor", "acceptor for honour", and "payee", to the Definition Clause proposed by us, without any change in principle.
In the definition of "payee", we have added the word 'undertaken' since that would be more appropriate when the instrument is a promissory note.
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