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An NSF cheque may be referred to as a bad cheque, dishonoured cheque, bounced cheque, cold cheque, rubber cheque, returned item, or hot cheque. Lost or bounced cheques result in late payments and affect the relationship with customers .
Sometimes the cheque fraud comes from an employee of the bank itself, as was the case with Suzette A. Brock, who was convicted of theft for writing five corporate cheques to her own birth name from her desk as a loan servicing agent for Banner Bank of Walla Walla, WA.
In Marzetti v Williams [1] the action was for the dishonour of a cheque and the plaintiff was held entitled only to nominal damages, but Lord Tenterden C.J. said: “It is a discredit and therefore injurious in fact to have a draft refused payment for so small a sum.”
The cheque is now a cancelled cheque. Cancelled cheques are placed in the account holder's file. The account holder can request a copy of a cancelled cheque as proof of a payment. This is known as the cheque clearing cycle. Cheques can be lost or go astray within the cycle, or be delayed if further verification is needed in the case of ...
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
Worker who questioned Jamie Dimon’s RTO mandate says he was fired—then told he could keep his job—after testy town hall exchange
The rights to payment are not subject to set-off, and do not rely on the validity of the underlying contract giving rise to the debt [1] (for example if a cheque was drawn for payment for goods delivered but defective, the drawer is still liable on the cheque).
A Bronx man alleged an NYPD officer beat him so badly during a wrongful arrest he required screws for his fractured jaw, according to a personal-injury complaint filed with the City Comptroller ...