It is possible to write a bill of exchange that is payable immediately on demand on a check. The drawee is the individual who receives the check and on whose behalf the cheque is drawn. The drawer is the person who both issues and writes the check. The payee's bank account must receive the check for deposit. If you present the check to the bank and get the right amount, the cheque is regarded as honored. If the bank is unable to provide the payee with the required amount as stated in the check, the check is then considered dishonored.
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