Why will a cheque be dishonored - JAMB Commerce 2018 Question
Why will a cheque be dishonored?
A
Regular signature
B
high amount of money written on the cheque
C
insufficient funds
D
general crossing
correct option: c
A Dishonored Cheque is a cheque that is returned unpaid by the bank on which it was drawn due to lack of sufficient funds. To knowingly issue a check that will be dishonored is a criminal offense in many jurisdictions.
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