JAMB Commerce 2015 Objective — Question 21
Question 21 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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When a cheque is crossed, it holds that
- A. the culprit is traceable in the event of theftCorrect
- B. it can be cashed over the counter
- C. whoever presents it gets paid
- D. creditors without current accounts can be paid
Explanation
A crossed cheque allows the creditor to trace the payee in case of theft, because it can only be paid into an account, making a defaulter traceable.
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