Obi received a cheque for ₦1000 from Mr. Ade and this cheque was stolen. He must

JAMB Commerce 2024 212 views
Source: JAMB · 2024

Obi received a cheque for #1000 from Mr. Ade and this cheque was stolen. He must

  1. inform his bank to stop payment ✓
  2. inform Mr. Ade to tell his bank to stop payment
  3. simply ask Mr. Ade for another cheque
  4. tell his bank to add the amount to his bank balance
Explanation

If your cheque is stolen, tell your bank immediately to stop anyone from cashing it.

The bank will block the cheque so thieves cannot withdraw the money.

After stopping payment, you can ask the person who gave you the cheque for a new one.

Was this explanation helpful?

pastQuestions.ng pastquestions.ng