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41 Account -- Financial Institution

Give any two reasons for dishonour of a cheque. 

Give any two reasons for dishonour of a cheque. 

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The two reasons for dishonour of a cheque are

  • if the cheque is presented with future date or after the expiry of three months period of time from the date of issue of a cheque 
  • if the bank receives a notice about insolvency of the drawer.

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