Commercial Law, 2012 Bar — Question 17

MULTIPLE CHOICE

A stale check is a check - A) that cannot anymore be paid although the underlying obligation still exists. B) that cannot anymore be paid and the underlying obligation under the check is also extinguished. C) that can still be negotiated or indorsed so that whoever is the holder can D) which has not been presented for payment within a period of thirty (30) days.

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