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Why should the family of dr. Jose rizal strive to attain its noble objectives. Why do brussel sprouts turn pink in the middle you steam them then serve them with a lemon balsamic and a little olive oil sauce and they turn pink inside after a day or two. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Australia Law and Legal Issues.

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. The post-dated cheque is not payable till the date which is shown on the face of the said document. It will only become cheque on the date shown on it and prior to that it remains a bill of exchange under Section 5 of the Act.

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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". In India the issue is complex [14] and mainly revolves around section of the Negotiable Instruments Act, The two major issues before the courts are:.

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In Serbia post-dating cheques is a customary practice in the retail industry. 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. In the UK the legislation is clear; 'A cheque is a bill of exchange drawn on a banker payable on demand'.

However, a bank may refuse to honour a cheque if the post-date is noticed; otherwise, the payer has no right to take any form of legal action against the bank for letting the cheque be processed. It is common for the terms and conditions of current accounts to state that post-dated cheques should not be written and will be dishonoured if detected.

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In the United Statesnational banks are permitted to pay checks even though payment occurs prior to the date of the check. The other problem will be finding somebody silly enough to accept a post-dated cheque. No Post Dated Cheques are not ill legal. Gnerally client gives this kind of cheque for some kind of gurantee and assurity.

Are post dated checks legal in California. Asked in Debt Collection What law prevents collection agencies from collecting post dated cheques? The law preventing collection agencies from collecting post dated checks is the Fair Debt Collection Practices Act. You can learn more about this at the Wikipedia. Asked in Banking Is it legal to write a post dated check in Pennsylvania?

Post dating a check IS legal, but it does NOT prohibit the recipient from cashing it. Once you give a check to someone, it's legal tender - even if dated for the future. One note: Collection agencies in the US are permitted to elicit post dated checks with the promise to hold them until the date on them. Free to issue a post-dated cheque written on the gst is a handy, there is a reasonable time in australia post date. Court of person in brien v dwyer in their cheque knowing that the post-dated cheques in turkey, 53 australian transaction. Serbia edit australia - dated cheques in australia post dating cheques are a tribunal. A Post Dated Cheque is one that has a date in future. A Stale Cheque is one in which the date is in the Past. Usually cheques have a validity of around 90 to days.

Writing a post dated check in Pennsylvania is perfectly legal as long as the person to whom you give the check does not submit it for cashing before the date you put on your check. For that matter, it is not illegal to write a post dated check in any country. Asked in Business Credit What is cheque discounting? Client can take money from bank on the security of post dated cheques issued by their credit worthy customers.

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The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting. Asked in Banking Is it legal in Michigan to write a post dated check? Writing a post-date check is perfectly legal anywhere in the world.

Post-dated cheque

But, cashing a post dated check is not. A check can be submitted for encashing only on or after the date mentioned on the check has reached.

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Until the check's date has reached, it is a worthless piece of paper that has no value. Asked in Banking Can you write a post-dated check?

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You can write a post dated check. It is perfectly legal as long as the person to whom you gave the check doesnt submit it for cashing before the date you put on the check.

Post-dated checks are technically illegal throughout the entire US.

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Once someone hands you a signed check, you are legally allowed to deposit that check at anytime. If you do accept post-dated checks, as I do, be wary. Don't allow the post-date to be too far into the future, and make sure you have handed no keys over until you have money secured.

How To Post Date A Check - Life Lessons #2

Asked in Banking What are the laws regarding post dated checks? They sent their cheques in the post to the seller. I haven't received any form except the W2 for the income prior to the accident.

Thank you. I have dollars worth of bounced checks have been making payments can they take me to court Thank you. My husband recently applied for a supervisor position at a large corporation. He was asked to fill out paperwork for a background check, physical, urine, etc They made him a "conditional offer". I am concerned because we have had some credit problems over the last year and a half - we Remember Me? Find questions to answer Find today's questions Find unanswered questions.

Search Topics. Login Not a member? Join our community. Jul 25,PM. Is it ever legal to post date a check? Yes, I believe its acceptable pre date or post date a check, as long as the funds are there when you say they'll be and the funny dating isn't interfering with anything else like a due date or a contract obligation.

But it may not be acceptable to who you are giving it to and that's would be a different matter. I agree with Val here, however I have to add that most banks do not look at the date, so if the person you post-dated the check to cashes it, then the funds are withdrawn.

I wll agree, I have had people run posted dated checks though my account often. Even a month or two early. Cassie Posts:Reputation: You can post date a chk, but you are taking your chances. Banks do not look at the dates and will and can run them through early. When you give a post dated check to someone for a purchase, it is considered a debt as they have extended you credit. RickJ Posts: 7, Reputation: Jul 26,AM. All above is correct. Once you give a check to someone, it's legal tender - even if dated for the future.

One note: Collection agencies in the US are permitted to elicit post dated checks with the promise to hold them until the date on them. Rickj is right on. Ten years ago right out of school I got behind in loans and defaulted. I worked with a collection agency to get back to clean status, and they required me or at least talked me into submitting a couple of post dated checks to get things rolling.

They honored their promise not to cash until the proper date, but it was a nervous few months, since I really didn't know if theyd wait. On the other side, I can also say I have had post dated checks cashed early. I cannot remember what I wrote it for, but I know it was to try to delay a payment, probably of some utility bill or something, until payday and it didn't work.

CaptainForest Posts: 3, Reputation: Jul 26,PM. In which, a bank can NOT cash the cheque until the day on the cheque comes into being. So if it says Dec. While in the USA, they do not bother to look at the date on the cheque. Darquechylde Posts: 6, Reputation: 1.

Post dating cheques in australia

Oct 30,PM. Well it is legal as stated and it is risky for the maker of the check.

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If a post dated check makes it past the teller or into the processing system, then it is all over However, if you notify your bank that there is a post dated check out there, they will have to find a way to make certain that check is not paid. Please note you must give the bank ample warning. If you fail to do so, you have no recourse against the bank. Depressed in MO Posts:Reputation: Very seldom have written a post dated check, but most of us have to from time to time-as I have a few times-and again, the banks around here will not "cash" them until the date of the check.

To me-THAT would seem illegal otherwise. They may be able to post a deposit of a post dated check, but the funds are not available until the date of the check.

Nov 14,PM.

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