A legal curiosity
Discussion
Not a big deal, just purely curious.
A chap came into my office today with a cheque that we had sent him 18 months ago, which the bank would not bank now and asked us to reissue it.
We are doing,obviously, but I was just curious as to whether we were legally obliged to.
No biggie, just interested
Thanks
A chap came into my office today with a cheque that we had sent him 18 months ago, which the bank would not bank now and asked us to reissue it.
We are doing,obviously, but I was just curious as to whether we were legally obliged to.
No biggie, just interested
Thanks
A cheque normally expires after 6 months, after which the banks will refuse to bank it - for example to prevent you from inadvertently going overdrawn.
However, as the original transaction has not yet been completed, you are legally bound to do whatever has become necessary to allow the completion of the transaction - in this case by issuing another cheque.
However, as the original transaction has not yet been completed, you are legally bound to do whatever has become necessary to allow the completion of the transaction - in this case by issuing another cheque.
Edited by Pete317 on Thursday 27th August 13:42
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