A cheque, or check, is legal tender for most purposes; in other words, it equals money, just as a pound or dollar coin does.
Probably nothing at all will happen if a cheque, or check, contains a genuine spelling mistake.
The consequences of incorrect spelling when writing a cheque, or check, would depend entirely on the circumstances, whether the money to be paid by the cheque is in dispute, and so on.
A genuine mistake in spelling would make no difference, since it will be obvious that the mistake is genuine.
If someone has deliberately misspelled, say, the name of the payee in order to stop the cheque and claim they've done so because they remembered they'd spelt the payee's name wrong (and this has been tried!) they'd be unlikely to get away with it. If they need more time to pay, they'd be better off to negotiate terms with the person or business they owe the money to.
If you receive a cheque on which your name has been misspelled, and it clearly is a misspelling, not another name entirely, just pay it into your bank in the normal way. The chances of a bank worker noticing the mistake are small, and even if they do notice, it's easily established whether the cheque is really intended for you.
There's not much point discussing a possible misspelling of the amount. The amount the cheque is made out for will be written in both words and in numerals, so there's no chance of getting it wrong. If someone's written 'on thousand', or 'one tousand' or 'one thusan' and also 1,000, the bank should feel confident they mean 'one thousand' of whatever currency is being paid.
If you'd like to give a more specific example, it might be possible to give a more helpful answer.
The cheque would bounce and the person who issued the cheque can be legally prosecuted for issuing cheques without sufficient funds in the account. Also, the bank may take legal action against the customer for misusing the cheque facility.
# The cheque would bounce # The bank would charge you penalties for issuing cheques without sufficient funds # The person to whom you gave the cheque may sue you for issuing cheques without funds.
Affected account Affect mean something made it happenEffect means something already happen
It is called Forgery. You are not supposed cash a checks that belongs to someone else. The affected party (The person whose check you cashed) can sue you legally and you can be jailed for committing this forgery. In short, you'll end up behind bars if you happen to do this.
Financial forcasting is the prediction of how something will happen. It is also the results of operations and cash flows based on the expected conditions.
cheque is returned to the party and amount of discounted value of cheque is debited in his account.
Well, I wouldn't think about forging anything until you can learn to spell. "Cheque" is the correct term, and forging them would be a bad idea.
Arrest or a lawsuit are both possibilities.
yush
A cheque may bounce due to a variety of reasons. Some of them are: a. The signature of the cheque issuer does not match bank records b. There is not enough money in the issuers bank account to pay for the cheque c. There is overwriting in the cheque and is not duly counter-signed d. The amount in numbers and amount in words does not match e. The cheque is very old and expired (more than 90 days old) So, if you want to avoid/reduce cheque bounce cases, we have to ensure that the points mentioned above do not happen when you use the cheque.
Almost anything can happen.Almost anything can happen.Almost anything can happen.Almost anything can happen.
The cheque would bounce and the person who issued the cheque can be legally prosecuted for issuing cheques without sufficient funds in the account. Also, the bank may take legal action against the customer for misusing the cheque facility.
When you are practicing something unscientific anything can happen- and dire consequences are no exceptions.
You would DIE! Mostly anything with ammonia is dangerous!
Everything would have to be paid for in cash, by cheque or electronic funds transfer.
At the outset, yes. However, will like to know where did this happen and when?
You cannot encash an ac payee cheque directly. you need to deposit in your account and then You need to wait for a day or two as per the banks working schedule to receive the cash. It usually takes 2 working days for a local cheque. If it is a cheque from the same bank it may happen in 1 working day