A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a
-
A.
traveller’s cheque -
B.
post-dated cheque -
C.
stale cheque -
D.
crossed cheque
Correct Answer: Option C
Explanation
stale cheque is a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount: