Cheque bounce - I was given a check of 25 thousand
1 year ago
I was given a check of 25 thousand to a person. But I didn't want to pay the person and stopped online as I lost the check number. Later he deposited the check in the bank and got the message "stopped by drawer". So now he is threatening legal action. So what will be the action?
A.Dear Client
If you stopped payment on a check that you gave to someone and they subsequently deposited it in the bank but received a "stopped by drawer" message, this may be considered a breach of contract and could lead to legal action against you. Moreover, losing out the cheque number will not absolve your liability. I will advice you to seek an expert legal advice over this matter.
If you stopped payment on a check that you gave to someone and they subsequently deposited it in the bank but received a "stopped by drawer" message, this may be considered a breach of contract and could lead to legal action against you. Moreover, losing out the cheque number will not absolve your liability. I will advice you to seek an expert legal advice over this matter.
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