Brendan prepared a cheque payable to Joey and placed it in the pocket of his coat. Later in the day, while shopping, his coat was stolen. If the cheque was not found for over six months, the bank should refuse payment, even if it was presented by the payee, Joey.

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Diana Lopez · Accepted Answer

Final Answer : True, Explanation :  A cheque is considered stale if it is presented for payment more than six months after its date of issue, and banks typically refuse payment on stale cheques to prevent fraud.

Brendan prepared a cheque payable to Joey and placed it in the pocket of his coat. Later in the day, while shopping, his coat was stolen. If the cheque was not found for over six months, the bank should refuse payment, even if it was presented by the payee, Joey.

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