Cheques

A post dated cheque is one which is dated?

• No later than 6 months ago

• To agree with the date of the document requesting payment

• By the bank on the day the cheque is presented for payment

• For payment at a future date

Which of the following types of cheques allows an individual to receive cash on demand.

• Open

• Crossed

• Certified

• Banker's

Which of the following may cause the bank to dishonour a cheque

• Correct Signature

• Correct amount in words and figures

• Incorrect Signature

• Valid Date

ALL of the following are types of cheques EXCEPT:

• Open

• Crossed

• Banker's

• Post Dated

This refers to when the cheque has been issued.

The name of the recipient of the cheque.

The money value being paid out in words and figures.

The signature of the person issuing the cheque.

This is kept by the person issuing the cheque after it is torn from the cheque book.

The bank from which the money is being drawn.