A stale cheque is one on which the date for payment is
A stale cheque is one on which the date for payment is
overdue
yet to come
missing
due
Correct answer is A
A stale cheque is one in which the named date is outdated and hence cannot be honored by the bank. The validity of the cheque is six months from the date of the issuance. (This is however subject to change. Some countries' validity period is 3 months)
A common element in all contracts is? ...
Which of the following is not a reason for dishonoring a cheque? ...
What is NOT the function of an entrepreneur? ...
Which of the following is an advantage of personal selling? ...
Which of the following gives the correct order in which the listed documents are used? ...
A royal charter was granted to the Royal Niger Company to do business in Nigeria in ...