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For how many months is a cheque valid from the date of issue? A. 1 month B. 2 months C. 3 months D. 6 months

For how many months is a cheque valid from the date of issue? A. 1 month B. 2 months C. 3 months D. 6 months Correct Answer C

The Correct Answer is Option 4 i.e C.

  • The validity of a cheque is estimated to be within a period of three months from the date of its issue.
  • With effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders, and Banker's Cheques was reduced from 6 months to 3 months, from the date of its issue.
  • Post-dated cheque: It is a cheque on which future date is written by the issuer for the payment.
  • Outdated cheque: A cheque is outdated when it is outstanding for a period of more than 3 months from the date of issue.

Related Questions

Which of the following distinction(s) is/are not correct between public issue and rights issue? (A) In public issue, applications for shares are invited from the general public and in rights issue, the shares are offered to existing shareholders. (B) In public issue there is no question of any over-subscription and in rights issue the shares may be under subscribed or over subscribed leading to prorata allotment. (C) The price of public issue is generally less than the market price and in rights issue, the price is deliberately made less than the market price. (D) In a public issue, the communication of the issue is through prospectus or advertisements and in a rights issue the communication is between the company and the existing members of the company. Choose the most appropriate answer from the options given below:
The different variant of Date() constructor to create date object is/are ___________ i. new Date(date) ii. new Date(milliseconds) iii. new Date(date string) iv. new Date(year, month, date)
Which of the following is/are false about Dishonour of Cheque?
1. Section 138 defines Dishonour of cheque in terms of issues such as insufficiency of funds in the account.
2. Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier.
3. Imprisonment for such offence may be extended for period of five year.
4. Section 138 apply unless - the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
Which of the following statements are true in context of a cheque?
1. Cheque is a special kind of Bill of Exchange.
2. Cheque is always payable on demand.
3. Validity of Cheque is 6 months.
4. Cheque doesn't require any stamping.
Read the following statements:
(1) There is a rebuttable presumption that a cheque bearing a date was made or drawn on such date.
(2) It cannot be presumed that the holder of a cheque is a holder in due course.
(3) There is an irrebuttable presumption that the cheque was made or drawn for consideration.
Select the correct answer:
Statement I A cheque is an unconditional order to a specified banker to pay the sum mentioned in the cheque.
Statement II A cheque can be drawn only by a person who has his account with bank while a bill can be drawn by any person.
Statement III A cheque may be crossed but a bill of exchange can not be crossed.
Which of the following statement(s) is/are true?
Five politicians F, K, H, M and D not necessary in the same order conducted a meeting to put various issues like Budget, Employment, Poverty, Digitalization and Security. They all are sitting around a circular table facing center. F who is not the neighbor of H and K, puts issue on employment. H who is sitting between D and K puts issue on digitalization. M does not put issue on poverty. The one who puts issue on security sits immediate right of the one who puts issue on Budget. Determine the immediate neighbor of person who puts issue on digitalization?
The income of Aman is Rs. 30,000 per month and his expenditure is Rs. 20,000 per month. In the next month, his income increases by Rs. 10,000 per month, and expenditure increases to Rs. 25,000 per month. In the next month, his savings increases by what percent?
For how many months is a cheque valid from the date of issue?
To constitute a matter of res judicata which of the following conditions must concur?
1. The matter directly and substantially in issue in the subsequent suit or issue must be the same matter which was directly and substantially in issue either actually (section 11, explanation III) or constructively (section 11, explanation IV) in the former suit
2. The former suit must have been a suit between the same parties under whom they or any of them claim. Explanation VI of Section 11 must be read with this condition
3. The parties as aforesaid must have litigated under the same title in the former suit
4. The court which decided the former suit must have been a court competent to try the subsequent suit of the suit in which such issue has been subsequently raised. Explanation II of section 11 is to be read with condition
5. The matter directly and substantially in issue in the subsequent suit must have been heard and finally decided by the court in the first suit. Explanation V of section 11 is to be read with this condition