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Post-dated cheques are common and enforceable. [9] In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque A "post- dated cheque" is only a bill of exchange when it is written or drawn, it becomes a "cheque" when it is payable on demand.
For example, say you write out a check to pay your rent on the 28th of the month. However, your property owner gives you up to the first five days of the month to pay.
Post-dated cheque; References. 3 UCC 113 from the Cornell Law Center's online version of the Uniform Commercial Code This page was last edited on 31 May 2019, at 15: ...
An antedated contract is a contract whose date is in the past; formally, a contract where the effective date on the contract is prior to the date on which the contract is executed (written, signed, made effective).
A banker's acceptance is a document issued by a bank institution that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank.
CBS college football analyst Gary Danielson was upset with a call from the officials in the third quarter of the Navy Midshipmen's win over the Army Black Knights.
(Reuters) -The Louisiana Department of Health said on Friday it has detected the first presumptive positive human case of H5N1 bird flu infection in the U.S. state.
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