Free Legal Advice - cheque bounce
Posted by: Lalit Paswan
Posted on: 2018-09-12
Normally, it is understood that if a cheque bounces because of insufficient funds, the payee can initiate criminal action against the drawer under the act, which may lead to imprisonment for up to a year. If necessary, one can inform the recipient of the check that the payment should be stopped.If needed, an alternate form of payment can be stopped.Some banks charge a fee for stopping payments on a check.
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