Legal Question in Business Law in India
Dear Sirs,
We have long overdue outstanding with a dealer of our goods. The party had signed an agreement and also given blank cheques for security, with written undertaking that these cheques will not be dishonored. We had sent a Regd. A/D. letter to the party requesting him to clear the dues. We had also stated in the letter that if he fails to clear the dues, we would be compelled to utilise the blank cheques. Party has not paid up. Can we utilise the cheques and sue the party in case of dishonor of it?
Asked on 1/07/14, 5:02 am
2 Answers from Attorneys
Santosh Goswami,Advocate
sure shot legal
Off course you can. Go ahead.
Answered on 1/07/14, 8:33 am
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