Rules post dating bank checks dating a guy in a wheelchair
Jason Gillikin is a copy editor and writer who specializes in health care, finance and consumer technology.
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In general, companies do not accept post-dated checks, checks more than 90 days old or checks worth more than ,000.
that it is simply a demand note as of it's issuance.
But even under the alternative, why wouldn't a financial instrument (a check) NOT be legal? It basically becomes a promise to pay at some time, not on demand now.
Almost all financial instruments have time frames that you need to wait for them to mature, or after which they become worthless.
Do not allow clerks to accept checks with restrictive endorsements.
For example, some people will write "without recourse" on a check, which means that the company cashing the check agrees that if there's a problem with the check, then the company cannot pursue damages from the person who presented it.