A question of payment

[subman101]

If you pay someone by writing them a cheque, and they then lose the cheque...then have you paid them?

 

[conny]

Yes.
If you paid them in cash and they lost the money you have still paid them.

 

[subman101]

Yes.
If you paid them in cash and they lost the money you have still paid them.

But you would still have the cash in the bank to spend again.

 

[joe-90]

You only pay them when the cheque is honoured. So no.

If I write you a cheque and there are insufficient funds then have I paid you?

 

[subman101]

You only pay them when the cheque is honoured. So no.

So you would happily return to a shop and re-write a cheque for the goods you now have in your house?

If I write you a cheque and there are insufficient funds then have I paid you?

A different issue

 

[imamartian]

You only pay them when the cheque is honoured. So no.

So you would happily return to a shop and re-write a cheque for the goods you now have in your house?

If I write you a cheque and there are insufficient funds then have I paid you?

A different issue

the shop would ask for a cheque guarantee card, therefore guaranteeing them payment...

 

[conny]

You only pay them when the cheque is honoured. So no.

So you would happily return to a shop and re-write a cheque for the goods you now have in your house?

If I write you a cheque and there are insufficient funds then have I paid you?

A different issue

the shop would ask for a cheque guarantee card, therefore guaranteeing them payment...

A lot of tradespeople do as well.
Thats why in my view I have paid them.

 

[sooey]

An honest man would cancel the first cheque and write another, assuming the first hadn't been cashed.

 

[subman101]

If I write you a cheque and there are insufficient funds then have I paid you?

A different issue

the shop would ask for a cheque guarantee card, therefore guaranteeing them payment...[/quote]But only if they had a cheque to hand to the bank

 

[Diane2]

i thought cheque guarantee cards had ceased to be......

 

[joe-90]

A cheque is a promissory note.

 

[Corgigrouch]

You ain't paid 'till the cheque clears....

 

[Whitespirit66]

If you pay someone by writing them a cheque, and they then lose the cheque...then have you paid them?

No. All you have done is write a cheque. You haven't actually given them any money until the cheque has been presented and cleared your account.

However, you will need to put a stop on the lost cheque, to stop it being paid in future. The payee who lost the cheque should pay your bank's charges for stopping the cheque.

 

[subman101]

So, if I handed £500 cash for a TV which I then took home, and the shopkeeper lost that cash on the way to the bank then that means that I would legally own the TV. However, if he lost a cheque for £500 then I would, in effect, be harbouriing goods I am not entitled to?

 

[joe-90]

He wouldn't give it to you without it being cleared - unless he was mad.