Post dating cheque
The bank the money was going to accepted the postdated cheque apparently without question.
My own bank honoured the cheque equally without question.
With specific regard to bouncing of post-dated cheques, yet another case has created flutters among the legal circuit very recently, i.e. Shri Rajendra Bhagchand Warma (herein after called the ‘Warma case’).
Payments Canada Payments Canada has created a video to explain how cheques travel through the Canadian payments system, why those cheques are “image-conscious” and what happens if they hit a bump in the road Canada has one of the most efficient cheque clearing systems in the world and, while the use of cheques has been declining with the growing popularity of electronic and card payments, financial institutions in Canada still process nearly a billion cheques every year.
You said this was unreasonable and asked for between £50 and £100. You believe that the fact that a postdated cheque could be a problem wouldn’t cross the mind of people who grew up in a different age.
This is not an example of the work written by our professional essay writers.
You had been opening a Birmingham Midshires Savings Bond intending to pay £768 into it.
Thinking the offer might expire, and aware that the funds represented by this cheque were tied up elsewhere, you enclosed a postdated cheque with your application.
Any check or draft that has a future date written upon it by the user.According to S.6 of the Negotiable Instruments Act, 1881 (herein after called ‘the Act’), a ‘cheque’ has been defined as “a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form ." A cheque must bear a date because the mandate of the customer to the banker given in the cheque becomes legally effective on the date mentioned therein.Now, a post-dated cheque is a one in which the drawer (or any holder) mentions a date on it, which is subsequent to the date on which it is drawn.Survey responses will not be attributed to individuals.If you wish to obtain information related to this survey, you may submit a request to the Department of Employment and Social Development pursuant to the Access to Information Act.