Which of the following statements is FALSE?
A) most banks will refuse to honour a cheque four months after its date
B) an endorsement occurs when a payee signs a cheque over to another party
C) it is very difficult to get a bank to stop payment on a certified cheque
D) a bank can be liable if it refuses to honour a certified cheque
E) a cheque can be signed and dated for payment in the future
Correct Answer:
Verified
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