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Posted On : February 20, 2020
All you need to know about cheque bounce
Cheque bounce is one of the most common problem people face these days. What is cheque bounce? When does cheque bounce happen...
Posted On : November 20, 2019
A step-by-step guide for legal recourse when Cheque is Dishonored
|A Cheque is a mode of payment that is widely used for transactions including loan re-payment, payment of salary, bills, fees, and so on. Banks on a daily basis process and clear the vast majority of cheques. Issuing cheques are essentially proof of payment. However, cheques undeniably are a reliable mode of payment for most people. Conversely, issuing crossed “Account Payee Only” the cheque i...
Posted On : October 12, 2019
Legal Rights in regards to Cheque Bounce
Dishonor of Cheque/ Cheque BounceA cheque bounces or is dishonored when upon presenting a cheque in the bank it is returned to the payer unpaid. There are two reasons behind a Cheque Bounce and they are either insufficient funds in the bank account of the payer issuing the cheque or if there is a mismatch of signatures of the payer in the sense that the payer’s original signature and t...
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