Give 5 difference between stale and post-dated cheque on the basis of distinction
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a stale cheque contains a date, i.e. there months or more, in the past. on the other hand a post- dated cheque contains a future date. a post dated mentioned on the cheque whereas a stale cheque is not honoured at all. please mark me as brilliant please .
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Cheque refers to a bill of exchange, which contains an unconditional order to the bank to pay the specified sum from your bank account. There are two kinds of cheques which are commonly misunderstood are stale cheque and post-dated cheque. A stale cheque is one which cannot be honoured because the reasonable period is expired. As against, a post-dated cheque is a cheque which is drawn today but contains a future date for payment.
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