Legal Question in Credit and Debt Law in South Carolina
company refused post dated checks for debt to be paid
can a company refuse two post dated checks to pay for a debt?
Asked on 5/18/07, 12:00 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: company refused post dated checks for debt to be paid
Yes, of course.(Post-dated checks mean
that there are no or funds insufficinet to pay the debt in the account on which the checks are written on the date which they're written.) One might say that in terms of valid legal tender, such checks as proffered remittances are in effect a nullity.
Answered on 5/18/07, 4:07 pm