WAEC Commerce 2014 Theory — Question 37
Question 37 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
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A cheque bearing a date showing that it was issued more than six months ago is termed a
- A. blank cheque
- B. bearer cheque
- C. stale chequeCorrect
- D. order cheque
Explanation
A stale cheque is a cheque presented long after (typically over six months from) the date on which it was issued.
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