An open cheque is one

Commerce

JAMB 2025

A. Which can be cashed over the counter
B. Which has no name
C. Which has no specific amount written on it
D. on which the amount is written only in figures

Your School's Whatsapp Group - Join Us now

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Correct Answer: Option A

Explanation

An open cheque is a cheque that is not crossed on the left corner and payable at the counter of the bank. An open cheque may be a
bearer cheque or an order one. It means the bank can pay the cheque amount to the person who presents it, even if he is not the
drawer or the payee.

Previous Next

Go back to Comm classroom

Report an Error Ask A Question Download App