Question no 1.

(a)Cheque
A document bearing unconditional written order to pay on demand to the bearer or to be ordered to. (b)Kinds Of Cheque. Self Cheque. The person issuing or scribing the cheque himself for his own purpose is called self cheque. Cross Cheque. The cheque of this amount is transfer from account to account.In case of encashment of the cheque,the drawer is required to open the cross cheque by signing on the cross line. Bearer Cheque. In case of bearer cheque the paying banker does not need to see the authenticity of the holder of the cheque. Antidated cheque. The cheque on bearing some past date is called antedated cheque. Post dated cheque. The cheque on bearing some future date is called post dated cheque. Expired cheque. The cheque which is expired after six month is called expired cheque.The days count after the date of issue. (c)The recovery procedure.

 The recovery procedure continue within three years after expiring the cheque.The expired cheque even proof in the court. Suit of money on the basis of dishonored cheque issued by the defendant.Application for leave to defend suit. Submit the application of condolation of delay. In this application,describe the day to day reason. If any person commited a crime then put FIR in police station on the section of 489F of PPC(PAKISTAN PENAL COURT). Question no 2. (a)Promissory Note. A promissory note is an instrument in writing containing an unconditional undertaking signed by the maker,to pay on demand or at a fix or determinable future time a certain sum of money only to,or to the ordered of ,a certain person ,or to the bearer of the instrument. The person who promise to pay is called the maker.The person to whom payment is to be made is called payee. (b)The essentials of promissory note. In writing. A promissory note must be in writing.A verbal promise to pay does not become a promissory note. Promise to pay . There must be promise or undertaking to pay.A mere acknowledgment of debt without a clear promise to pay is not a promissory note. Unconditional promise. It must contain unconditional promise to pay.The promise must not depend upon the happening of some uncertain event.If contains a conditional promise,it is not a promissory note. Signed by maker.

It is necessary that the maker must sign the promissory note.The signature may be in any part of the instrument and not necessarily be at the bottom.When the maker is illiterate ,this thumb impression is sufficient. Certain maker. The instrument must indicate who is person taking responsibility to pay.Where there are two or more maker,the y may be liable jointly or individually. Certain payee. The payee of a promissory note must be a certain person.The payees name can be indicated by his official designation. Certain sum. It is also necessary that the sum of money promise to be payable must be certain and definite . Question no 3. Indorsment. When the maker or holder of a negotiable instrument signs the same ,otherwise than as such maker for the purpose of negotiation ,on the back or face or on a slip of paper or any stamp paper. Kinds of indorsment. Blank indorsment. If the indorser signs his name onl,the indorsment is said to be in blank Full indorsment. If the indorser add a direction to pay the amount mentioned in the instrument to,or to order of,a specified person ,the indorsment is said to be in full.