Assume That Today Is March 1

Multiple Choice

Assume that today is March 1.On February 1, Patricia bought a guitar from Metheny's Music Shop.The price was $2500.She gave the store a cheque for that amount that was dated June 1.Which of the following statements is now TRUE?

A) The cheque is invalid because it is postdated.
B) If the store presents the cheque for payment on October 1, the drawee will probably refuse to honour the instrument on the ground that it is staledated.
C) Metheny's Music Shop must present the cheque to the drawee for payment on or before June 1.
D) Because the cheque is dated five months after it was created, it is considered overdrawn.
E) Patricia has created a postdated cheque that cannot be honoured before June1.