Commerce JAMB

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

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.

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

OOU JUPEB Admission For Agricultural Extension

Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Agricultural Economics

Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Cooperative and Business Management

Do you want to study Cooperative and Business Management in OOU? Before you apply for…

11 months ago

OOU JUPEB Admission For Home and Hotel Management

Do you want to study Home and Hotel Management in OOU? Before you apply for…

11 months ago

OOU JUPEB Admission For Animal Production

Do you want to study Animal Production in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Crop Production

Do you want to study Crop Production in OOU? Before you apply for the OOU…

11 months ago