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  5. A cheque that has be...

A cheque that has been drawn but not presented for payment can still be honored?

Commerce
JAMB 2011

A cheque that has been drawn but not presented for payment can still be honored?

  • A. within 6 months
  • B. after 9 months
  • C. within 9 months
  • D. after 6 months
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Correct Answer: Option A
Explanation

Personal cheques are valid for six months from the date of issue after which they become stale. Unlike personal cheques, bank cheques do not go stale after six months.

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