:apa: スプリットショックウイルス † on Nostr: There is no federal law prohibitting you from depositing a check that has been ...
There is no federal law prohibitting you from depositing a check that has been post-dated.
In addition you cannot write a check for money to an amount you knowingly don't have even if you know the money will be avaliable at the date you specified because of the aformentioned, someone could cash the check becuase nothing prevents them from doing so before the date you specified making the check worthless.
In essence legal IOUs do not exist. The only people who are allowed to write legal IOUs are Credit Card companies, Banks, and the US government.
In addition you cannot write a check for money to an amount you knowingly don't have even if you know the money will be avaliable at the date you specified because of the aformentioned, someone could cash the check becuase nothing prevents them from doing so before the date you specified making the check worthless.
In essence legal IOUs do not exist. The only people who are allowed to write legal IOUs are Credit Card companies, Banks, and the US government.