Post dating cheques illegal uk archiedating powered by vbulletin

Posted by / 22-Mar-2020 22:04

Post dating cheques illegal uk

It is of common occurrence in connection with deeds, leases and other contracts that, while they are not in effect at all and have no legal existence until delivered, yet, in respect to the date of delivery, they, in point of commencement, relate back or commence in the future.Such relation back or forward contravenes no principle of law and is determined by the intent of the parties as deduced from the instrument itself.” As a practical matter, the proper date to put on an agreement is something that corporate counsel is likely to have to make a judgment call on quite often.He said he wanted to transfer million to the recipient’s bank account – money that was budgeted, but was never spent.

The commonwealth-trained (and more prudent) approach would be to insert the date only when the last party has signed and to use a date no earler than the date of that last signature.

To get the process started, the scammer asked for a few sheets of the company’s letterhead, bank account numbers, and other personal information.

Yet other variants have involved mention of a Nigerian prince or other member of a royal family seeking to transfer large sums of money out of the country—thus, these scams are sometimes called "Nigerian Prince emails".

This is reflected in the Linklaters article Execution of Documents: Five Common Questions Answered, which offers the following advice for in-house lawyers: “(i) contracts may only be backdated, absent fraud, in circumstances where an original form has been lost or where terms have been fully agreed but signatures have been left to a later date and (ii) deeds may never be backdated.” Unfortunately, the article offers scant authority, and a search on Google reveals little else on the subject from the commonwealth world.

In the US, however, there seems to be have been much more consideration of the issue (at least according to my Google search results).

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This is to avoid any incidence of returned cheque due to insufficient funds and the resulting penalty charges.