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_______ cheque cannot be transferred from one person to another person by mere delivery.

  • Order cheques cannot be transferred from one person to another person by mere delivery.
  • An order cheque is a type of cheque that is payable to a specific person or entity, whose name is written on the face of the cheque.
  • As per the Negotiable Instruments Act, 1881, an order cheque can only be transferred to another person by endorsement (i.e., signature) by the payee, and the endorsement must be written on the back of the cheque.
  • This endorsement effectively transfers the ownership of the cheque from the original payee to the endorsee.
  • In order to further transfer an order cheque, the endorsee must also endorse the cheque on the back and add the name of the next payee.
  • This process of endorsement and transfer can continue until the cheque is ultimately presented for payment.