If the original cheque is ever found, and someone else attempts to cash it, that would be fraud. Now that Kavaratzis has requested a new cheque, if the old one ever makes it to their possession and they attempt to cash it, that would also be fraud. We figured this out DECADES ago, that’s why cheques have a holding period.
Whoever is cashing the cheque is responsible to make sure it clears before exchanging it for money, and the original cheque should be annulled so it cannot be cashed.
Right, this check is not a bearer bond, its made out to a singular person. There shouldn’t be any issue here. It’s not 1850 where it takes weeks to verify a check
Kavaratzis should not be liable.
If the original cheque is ever found, and someone else attempts to cash it, that would be fraud. Now that Kavaratzis has requested a new cheque, if the old one ever makes it to their possession and they attempt to cash it, that would also be fraud. We figured this out DECADES ago, that’s why cheques have a holding period.
Whoever is cashing the cheque is responsible to make sure it clears before exchanging it for money, and the original cheque should be annulled so it cannot be cashed.
Exactly. I do not understand why this is an issue at all.
TD having to do their job is the issue.
Right, this check is not a bearer bond, its made out to a singular person. There shouldn’t be any issue here. It’s not 1850 where it takes weeks to verify a check
Nope, it’s 2023, where people seem to have forgotten how cheques work.
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