The third-party would contact the second-party as it was that party that received the goods or services from the third-party.
The second-party would have recourse against the original issuer (first-party).
The bank will hold you responsible for the bounced check. But you can sue the person who wrote you the check that bounced for the check amount and for the resulting penalties and your court costs.
A bounced check is one that is "Returned for insufficient funds"
The maker of the check is always responsible for a check bounced due to insufficient funds but was otherwise negotiable and legitimate. The payee may be held responsible if the check was not actually negotiable when cashed (meaning they should never have been paid and must therefore return the payment they received). However, that said, if you cash or deposit a check at your bank and the check is returned unpaid due to insufficient funds, your bank may recollect the funds from you. It is your responsibility to collect from the maker.
The person who owns the account. If you use an account that is not yours that is stealing and is against the law for identity theft, fraud, and could bring you jail time. If it is your account and the check bounces you owe the money for the amount of the check and the fees from the bank. A bounced check can run as much as 50.00 in fees.
No. A bounced check is not a theft but a felony. If a person issues a check that bounces, he/she can be legally prosecuted by the person who did not get paid because of the check bounce. The bank too would charge a fine for issuing a check that bounced.
The key here is that your check bounced. You are responsible for making this good no matter what it takes. The landlord is counting on your check having sufficient funds when presented ... and any NSF's related to just your check, should be reimbursed.
Yes, bounced check charges can be deducted, and no, they can't. As one of the expenses of doing business, businesses can deduct bounced check charges for checks bounced by customers. But as an individual, it isn't possible to deduct charges that are assessed by businesses and banks for bounced checks. According to the tax code, you can't receive a tax benefit from an illegal activity, and bounced checks are considered illegal.
There is no jail time for 12,000 bounced checks if your a Congressman.
Nothing
Nothing
Yes, a check cashing business can be sued for filing criminal charges if they were aware that repayment was going to be made. Filing criminal charges in such circumstances could be considered malicious prosecution, which is illegal. The individual could seek legal recourse for damages.
Depends on the amount