Little-known cheque law

by admin on 14 May 2010

Although this isn’t a payday loan topic, it is still worth sharing. A Vancouver Sun columnist was taken to court by Money Mart using a little-known Bills and Exchange Act violation. It seems that even if you put a stop-payment on a cheque which is later cashed at cheque casher, you, the cheque writer, are still liable for the amount on the cheque:
Before writing another cheque, you may want to become familiar with this obscure law

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