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

Commerce

JAMB 2011

A. within 6 months
B. after 9 months
C. within 9 months
D. after 6 months

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

NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789

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.

Previous Next

Go back to Comm classroom

Report an Error Ask A Question Download App

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

1.Define chemical industry 2.List and explain types of chemical.? Answer this

0 Answers · Chemistry · 1 hour ago
What three major rivers took their sources from the western highlands? Answer this

0 Answers · Geography · 1 hour ago
a student was asked to electroplate a stainless steel spoon using a brass rod has the electrode and copper 2... Answer this

1 Answers · Chemistry · 9 hours ago

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

Correct Answer: Option A

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In