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A cheque made payable to a named person is?

Commerce
WAEC 2015

A cheque made payable to a named person is?

  • A. a crossed cheque
  • B. a certified cheque
  • C. an order cheque
  • D. a confirmed cheque
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Correct Answer: Option C
Explanation

An order cheque is one which is payable to a particular person. The payee can transfer an order cheque to someone else by signing his or her name on the back of it.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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