A cheque issued in January 1997 which the holder failed to present for payment until…

Commerce WAEC 2010

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

  • traveller's cheque
  • post-dated cheque
  • stale cheque checkmark
  • crossed cheque

The correct answer is: C

Explanation

stale cheque is a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount:

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