A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?
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Correct Answer: Option A
Explanation:
A bounced cheque is a cheque which is returned by a bank because the account owner does not have sufficient funds on deposit. When someone writes a cheque to someone else or to a company, that entity in turn deposits the cheque into the bank.
A bounced cheque is a cheque which is returned by a bank because the account owner does not have sufficient funds on deposit. When someone writes a cheque to someone else or to a company, that entity in turn deposits the cheque into the bank.