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

By: |Published on: Dec 14|Categories: Commerce JAMB| 0 comments

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

Correct Answer:

Option A – within 6 months

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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