negotiable instuments
This query is : Resolved
21 July 2010
Please tell the meaning of the sentence.
cheque is post dated and prasented for payment before its ostensible date
cheque is post dated and prasented for payment before its ostensible date
21 July 2010
The deposited cheque is not of present date i.e some future date is written over it & hence it could not be processed.
Cheque can be sent for clearance only on or after a date wriiten over there until its expiry (generally its 6 months.)
Cheque can be sent for clearance only on or after a date wriiten over there until its expiry (generally its 6 months.)
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