Federal law on post dating checks


30-Jan-2018 23:08

Likewise, some universities won’t accept those checks, so complications with enrollment (among other things) are a possibility.

In most cases, you can deposit or cash a postdated check early.

You’re allowed to to pay with a postdated check, and businesses are allowed to reject those payments because you haven’t really made a free-and-clear payment.

If you plan to write a postdated check, ask for permission before doing so.

In most cases, the recipient can deposit the check at any time.The retailers will usually accept post-dated monthly cheque payment installments up to several months in advance allowing their customers to pay for expensive goods as a sort of a line of no interest credit.A postdated check offers the promise of controlling the uncontrollable: As time marches forward, you may wonder what the date on a check really does.As a bill of exchange a post-dated cheque remains negotiable but it will not become a "cheque" till the date when it becomes "payable on demand".

and mainly revolves around section 138 of the Negotiable Instruments Act, 1881.The two major issues before the courts are: 1) Post-dated cheques that are stopped by the bank or issuer, causing problems for whoever is to be paid by the cheque for goods or services provided and; 2) the reverse, in which a person is promised goods or services but does not receive them and has to stop the cheque.



That’s why instead of bombarding her phone with purposeless texts everyday… But if you focus on your purpose, have other friends, have other options of women, you will naturally be less available, and you will give her SPACE to wonder about you. So let me proceed by giving you 4 tips to turn things around…… continue reading »


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