Can a Cheque Be Presented to the Bank a Second Time After It Bounces?
Presentation of a bounced cheque is not always the final step in a payment process. Under many circumstances, the cheque may be submitted once again to the bank as long as the latter remains within its period of validity. Nevertheless, an even more pertinent issue is whether resubmission of the cheque increases chances of recovery or whether it simply postpones what might eventually be inevitable. Legal professionals rarely view the resubmission of a dishonoured cheque as merely a banking procedure. They consider the reasons for dishonour and the drawer's subsequent conduct. The Law Allows Another Presentation The Legal Position at a Glance ● A cheque may generally be presented again if it remains within its validity period. ● The law does not prescribe a fixed number of presentations. ● A second presentation should be based on a realistic possibility of payment. ...