Question on: JAMB Commerce - 2024

Here's the breakdown of why the correct answer is A:* A. inform Mr. Ade to tell his bank to stop payment: This is the most appropriate action. Obi should inform Mr. Ade immediately. Mr. Ade, as the drawer of the cheque, is the one who can instruct their bank to stop payment on the stolen cheque. This prevents the thief from cashing the cheque.* B. inform his bank to stop payment: Obi's bank cannot stop payment on a cheque he received. Only the payer's bank (Mr. Ade's bank) can do that.* C. simply ask Mr. Ade for another cheque: While Obi will eventually need another cheque, the immediate priority is to prevent the stolen cheque from being cashed. Simply asking for a new cheque doesn't address the potential loss.* D. tell his bank to add the amount to his bank balance: This is incorrect. Obi's bank can't add money to his account based on a stolen cheque.