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Is post dating cheques illegal

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Cheques and paper items are declining steadily, yet they remain one of the most popular payment methods for many businesses in Canada. On the computer, use at least a 10 point font and dark ink colours black, blue or dark purple. You should include the amount of the payment in words since it serves as a backup if the amount in figures is unclear. It's acceptable to wrap the amount onto two or more lines. When you're given a cheque, make sure all the necessary fields are complete and that it has a signature on the front.
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Post-Dated Cheques

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Are post dated cheques legal in Australia

A postdated check suggests control. For example, assume that today is Jan. Two potential reasons for this include:. In most cases, you can deposit or cash a postdated check at any time. Debt collectors may be prohibited from processing a check before the date on the check, but most individuals are free to take postdated checks to the bank immediately. That said, if you agreed to wait, cashing the check prematurely might be considered in violation of an oral agreement and illegal in some jurisdictions.
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Why is it illegal to post date a check?

Hi Michael, Recently I've been in a disagreement with my landlord. About 1 year ago, we moved into a townhouse in Toronto and we signed a formal lease agreement. This summer, when it was time to renew our lease, we verbally agreed to an extension of another year.
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When you write a personal check, you're supposed to write the date in a designated spot in the top right hand corner of the check. Bank tellers are supposed to look at the date before allowing you to cash or deposit a check. Laws exist relating to the dating of checks, but if a check is undated, it doesn't necessarily mean you can't cash it. Banking laws in every state are based on the Uniform Commercial Code. According to the code, a personal check becomes "stale dated" six months after you write it.
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