BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Dated earlier than the date of issuance.
A
Antedated
B
Demand Dated
C
Postdated
D
Time Dated
Explanation: 

Detailed explanation-1: -An antedate means a date entered on a legal contract or check that is much earlier than the actual date of occurrence. It is also known as “backdate."

Detailed explanation-2: -"A cheque which is dated subsequent to the actual date on which it is drawn and which is issued before the date it bears is called a Post-dated cheque.” 12. An ante-dated document is defined as follows : “Placing a date on a document prior to that on which it is actually signed."

Detailed explanation-3: -to put a date on a document that is earlier than the date it is signed: an antedated check. Compare.

Detailed explanation-4: -In banking, antedated refers to cheques which have been written by the drawer, and dated at some point in the past.

Detailed explanation-5: -An antedate cheque bearing a date prior to the actual date of signing the cheque or opening of an account is called an antedated cheque which is valid and can be paid till it becomes stale. So any cheque with the past date (not exceeding the past 3 months) can be presented to the bank for clearance.

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