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

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

Correct Answer: Option A

Explanation

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