Does a post dated check or a stop payment on check given to you have to be honored?
Okay, you have a few issues here…but we’ll discuss the legal matters instead. (What, no laugh track in this place?) According to the law, a check is supposed to have sufficient funds at the time it is written. They do not allow you to make out a negotiable payment instrument unless it can be immediately paid. In fact, if you take the check and deposit it right away instead of waiting, your bank will likely accept it, the issuers bank will pay it if funds are available, and the issuer of the check would have no recourse against you or the bank for accepting it early. You are correct that most jurisdictions won’t be able to prosecute if you accept a post-dated check and it bounces. The reason for this is because you are knowingly accepting a check which you know not to be valid at the time of presentment. It’s not like he’s tricking you into thinking he doesn’t have enough money in his account. He’s flat out telling you there are no funds in the account. It’s a little difficult to pros
