Search results
Results From The WOW.Com Content Network
Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque A "post- dated cheque" is only a bill of exchange when it is written or drawn, it becomes a "cheque" when it is payable on demand.
Stale date. A check can bounce because “the check is considered ‘stale’ or ‘stale-dated,’ which refers to the check not being cashed within typically six months,” explains Jacob Dayan ...
For premium support please call: 800-290-4726 more ways to reach us
A cheque that has an issue date in the future, a post-dated cheque, may not be able to be presented until that date has passed. In some countries writing a post dated cheque may simply be ignored or is illegal. Conversely, an antedated cheque has an issue date in the past. A cheque number was added and cheque books were issued so that cheque ...
Post-dated cheque; References. 3 UCC 113 from the Cornell Law Center's online version of the Uniform Commercial Code This page was last edited on 31 May 2019, at 15: ...
The cheque has expired, is cashed before the date on the cheque, or the date on the cheque is erroneous. There is a discrepancy in the amounts written in numbers and the amount in words. The cheque is scribbled or overwritten.
Date line: The upper right corner of the check is where you date the check or right a future date that the check can be cashed or deposited. Pay to the order of line: ...
Pages for logged out editors learn more. Contributions; Talk; Stale-dated check