Post dating check

02-Jan-2018 19:25

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As a result, the transaction is not considered as issuance of a "bad check" since the creditor released the merchandise or performed the service in reliance of the check writer's promise to pay at some later date rather than in reliance of the check's negotiability.

Therefore, the protections offered to creditors under the various "bad check" laws may not apply.

On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.

In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque.

In other words, till 14/01/2012 this cheque will be considered as post-dated cheque.

That is, the future date has not yet arrived (till 14/01/2012).

A postdated check is a check with a future date written on it. Two potential reasons for this include: No fraud allowed: There’s no law making postdated checks illegal.

It is illegal to write a check when you know you don’t have the funds to cover it, but things get a little fuzzy – and details depend on state law – when you postdate a check (assuming it is accepted as payment).

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During the MOT, important parts on your vehicle will be checked to make sure they meet the legal standards.

For example, the IRS generally doesn’t accept postdated checks, so you may face tax penalties and interest if your payment fails.

A "post- dated cheque" is only. post-dating a cheque. national banks are permitted to pay checks even though payment occurs prior to the date of the check.… continue reading »

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I wrote a post dated check to our friendly or used to be friendly neighborhood store, they promised me they would hold it until the date I put on the check.… continue reading »

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You postdate a check by writing a future date on it. People typically do this when they want to give a check to someone but aren't certain they'll have enough money in.… continue reading »

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