Post dating a check illegal
Post dating a check illegal - dating men shorter than you
No person, with purpose to defraud, shall issue or transfer or cause to be issued or transferred a check or other negotiable instrument, knowing that it will be dishonored or knowing that a person has ordered or will order stop payment on the check or other negotiable instrument.
Therefore, the practice of issuing or accepting a post-dated cheque is not encouraged.
This is to avoid any incidence of returned cheque due to insufficient funds and the resulting penalty charges.
It causes inconvenience to all parties - drawer, drawee and payee.
Except as otherwise provided in this division, passing bad checks is a misdemeanor of the first degree.
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And this is why defenses to backdating sometimes get hard for me to understand.
Sure the accounting rules are arcane and most people don't know them.Send the LL a copy of the email you sent him on April 1st and advise him that since you advised him immediately of the error you made, you feel under no obligation to pay a late fee and you're sure he'll agree.Whenever I write about backdating, many people write in to tell me that backdating's not illegal; you just have to account for it correctly.If he didn't bother trying to cash the check, no, you shouldn't owe a late fee.Call your bank and make sure they don't have a policy against cashing a post-dated check.In many states, including California and Hawaii, your employer cannot post date your payroll check.