1. A cheque is a negotiable instrument that is drawn on a bank and used to make payments to a specified person or bearer. It must be in writing, drawn on a particular bank, unconditional, signed by the account holder, and payable on demand. 2. There are different types of cheques including bearer cheques, order cheques, open cheques, crossed cheques, anti-dated cheques, post-dated cheques, stale cheques, and mutilated cheques. Crossed cheques can only be deposited, not cashed. 3. Alterations to essential information like the date, amount, or payee name would make a cheque invalid unless initial