Legal Question in Business Law in California
uncashed checks
I run a business that issues checks for services in the transportation industry. occasionally, drivers and companies do not cash their checks after they have invoiced me. Sometimes for months. Is there a legal limitation where after a period of time my liability for their poor accounts receivable is eliminated.
Asked on 3/17/08, 1:40 pm
1 Answer from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: uncashed checks
No. Only the statute of limitations on contract actions of four years. Just print the checks with an expire by date.
Answered on 3/17/08, 2:42 pm
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