whereasmost other forms of payment are not. Banks can reach into most
forms of payment and reverse them on their whim, checks are another
story when they are written on a valid account and accepted by the bank.
All that may have yet another iteration with the last changes by
congress. They changes before that were very fair to both sides..
On 6/29/18 6:52 AM, Larry Smith wrote:
Checks are a very outdated method for payment
May be, but under US Law (Uniform Commercial Code)
a check is a "promisary note" and as such a contract to pay.
You can easily take someone to court over a bounced or bad
check.
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
