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WAEC Commerce 2008 Question 36

Question 36

Banking

A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is

  1. A.post-dated
  2. B.crossed
  3. C.opened
  4. D.stale
Show the answer and explanation

Answer: D (stale)

Explanation

It was presented more than six months after its date, so it is stale.