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WAEC Commerce 1992 Question 59

Question 59

Banking

A cheque dated 5/8/91 but presented for payment on 2/8/91 was dishonoured because it was a

  1. A.certified cheque
  2. B.marked cheque
  3. C.specially crossed cheque
  4. D.post-dated cheque
  5. E.stale cheque
Show the answer and explanation

Answer: D (post-dated cheque)

Explanation

The cheque carried a date later than the day it was presented, so it was post-dated and could not be paid yet.