The differences between a bill and a cheque are as follows: Bill （1)The drawee may be any person.

The differences between a bill and a cheque are as follows:

Bill

(1)The drawee may be any person.

(2)There are four kinds of tenor for the bills.

(3)After acceptance the acceptor is primarily liable for payment.

(4)Before issuing a bill, the drawer may not open an account with drawee.

(5)A bill other than a banker's demand draft or stipulation in Article 5 of Cheque Act cannot be crossed.

(6) Acceptance made by acceptor is irrevocable.

(7)A bill can be drawn in a set.

Cheque

(1)The drawee must be a ______.

(2)The tenor is merely payable ______.

(3)The ______ is always primarily liable for payment.

(4)Before issuing a cheque, the drawer must be a customer who has opened an ______ with the paying bank and ______ money in the account.

(5)A cheque can be ______.

(6)Duty and authority of paying bank to pay a cheque may be terminated by ______.

(7)A cheque cannot be drawn in a ______.