Discussion topic: Contributed Answer/Explanation to Q. 1
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| Page 1 of 1 | | From: shanthakumarhp | Reply 1 of 2 | Reply | | | Subject: Contributed Answer/Explanation to Q. 1 | Mail orders shopping is placing orders by post whereas, Tele Shopping is the
order placed through Telephone.
Posted at: Mon Jan 11 10:36:44 2010 (GMT)
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| From: shanthakumarhp | Reply 2 of 2 | Reply | | | Subject: Contributed Answer/Explanation to Q. 3 | Stale cheques are date barred and Post Dated Cheques are given for a future
date.
A Stale cheque is date barred one. Any cheque will necessarily have a
validity period, from the date of its issue. Once the current
date lies beyond the validity period, then the cheque becomes stale.
Assume Mr.A gives a cheque dated 1-Jun-2009 to Mr. B. In Indian
Scenario normal validity period is 6 months. Going by this, upto
30-Nov-2009, the cheque is valid and on 1-Dec-2009, the cheque becomes
Stale.
A Post Dated Cheque means issuing a cheque today with a future date. In
the above example, Mr. A gives a cheque to Mr. B on 1-Jun-09 but the date on
the cheque is 30-Jun-09, then till 29-Jun-09, the cheque is Post dated one.
Posted at: Mon Jan 11 10:41:29 2010 (GMT)
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