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Showing posts from March, 2020

Components of Computer Network

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Components of Computer Network  The  components that make up a computer network are -  1. Client  2. Server  3. Middleware  4. Router and Switch  5. IP address  Client - Client is a computer that retrieves information from or uses resources provided by the server or main computer. Server - A server is an instance of a computer program that accepts and responds to requests made by client.  Servers are used to manage network resources.  For example, a user may setup a server to control access to a network, send/receive e-mail, manage print jobs, or host a website.  Application Servers  Audio/Video Servers Chat Servers  Fax Servers  FTP Servers  Groupware Servers  IRC Servers  List Servers  Mail Servers Proxy Servers  Telnet Servers  Web Servers Middleware is the software that connects two otherwise separate applications. Most network...

Negotiable Instrument - Cheque

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Characteristic Features of a Cheque -  A cheque is always drawn on a banker or in other words, the drawee of a cheque is always a bank. It is always payable on demand and does not require acceptance. Cheques may be payable to the drawer himself. It may be made payable to the bearer on demand unlike a bill or a note. The banker is liable only to the drawer. A holder has no remedy against the banker if a cheque is dishonoured. Cheques are exempted from payment of stamp duty, unlike certain classes of bills. A grace period of 3 days is allowed for a Bill. There is no such provision for a cheque. A cheque can be drawn where the drawer has a bank account. A cheque is valid only for three months from the date of the cheque. Dishonour of Cheque   A cheque is said to be dishonoured, when it is not paid when demanded for certain reasons.  Some of the reasons why a bank dishonours a cheque Where the drawer countermands payment or stops payment of the cheq...