A cheque made payable to a named person is?

By: |Published on: Mar 15|Categories: Commerce WAEC| 0 comments

A. a crossed cheque
B. a certified cheque
C. an order cheque
D. a confirmed cheque

Correct Answer: Option C

C. an order cheque

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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