英语翻译the maker of promissory note should be engaged in the pa

英语翻译
the maker of promissory note should be engaged in the payment according to its tenor,and is precluded from denying to a holder in due course the existence of the payee and his then capacity to endorse.
A banker's draft is a negotiable instrument drawn payable to order by a bank as drawer on the same bank as drawee,in another word,the drawer and drawee are the same person.It issued by a bank for fixed amount,always payable to bearer and on demand.Even though the draft may be drawn by a branch of head office or another branch,and the bank is considered as one entry for this purpose.It is also a legal tender.
It goes without saying that a banker's draft is as good as cash for many commercial purposes,dishonor of it being unheard of unless it is known that the presenter is not entitled to it