A cheque that has been drawn but not presented for payment can still be honored?
-
A.
within 6 months -
B.
after 9 months -
C.
within 9 months -
D.
after 6 months
Correct Answer: Option A
Explanation
Personal cheques are valid for six months from the date of issue after which they become stale. Unlike personal cheques, bank cheques do not go stale after six months.