Post #96,853
4/16/03 1:52:24 PM
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Money Question
I loaned someone about $1800 a couple of years ago. Basically he then ripped me off - but not before writing 2 post-dated checks totalling $1050 to me. I had lost these, but yesterday found them while going thru old papers. I deposited them and was credited. Chances are they are bad - I haven't heard from the guy since early '02 and he was always floating checks, etc.
Who is responsible here? If, say, I had certain knowledge that the checks would not be covered by HIS bank, am I still entitled to deposit them in MY bank, and put the onus of having written bad checks back where it belongs?
-drl
(Dm - 2Am)(Rmn + 1/2gmn R + 1/2Fmn) = 0
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Post #96,855
4/16/03 2:00:35 PM
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Dunno, but just in case - WTF were you thinking...
...posting the question on the Web, where it *could* be found -- and held against you as evidence that you'd recognized the possibility that you weren't obviously in the right?!?
Talk nicely to Scott, and maybe he'll delete your post! :-)
P.S: Oh, Scott...? And this reply, too!
[link|mailto:MyUserId@MyISP.CountryCode|Christian R. Conrad]
(I live in Finland, and my e-mail in-box is at the Saunalahti company.)
Your lies are of Microsoftian Scale and boring to boot. Your 'depression' may be the closest you ever come to recognizing truth: you have no 'inferiority complex', you are inferior - and something inside you recognizes this. - [link|http://z.iwethey.org/forums/render/content/show?contentid=71575|Ashton Brown]
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Post #96,857
4/16/03 2:18:57 PM
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If they bounce
you may be charged a fee. Happened to me. What I do now is to take the checks to the bank that they were drawn on, and ask if they are good. Bank will check, if good, deposit/cash, if not ask bank what to do.
[link|mailto:jbrabeck@attbi.com|Joe]
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Post #96,865
4/16/03 3:32:12 PM
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Re: If they bounce
How can a check bounce that you didn't write?
What should happen is for the law to go after an asshole who writes bad checks.
-drl
(Dm - 2Am)(Rmn + 1/2gmn R + 1/2Fmn) = 0
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Post #96,873
4/16/03 4:23:10 PM
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His bank bounces it back to your bank.
Then, as in my case, you may be charged a "processing fee".
IIRC and IANAL, the law doesn't care one way or another about you bouncing checks. Not until the bank or vendor presses charges.
Always small claims court.
[link|mailto:jbrabeck@attbi.com|Joe]
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Post #96,858
4/16/03 2:20:55 PM
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you are entitled to deposit anything you wish
your bank is entitled to charge you a fee when/if they are returned. I am surprised they allowed you to deposit stale dated checks (checks with a date over 6 months old) Maybe they are good, who knows. No harm no foul.
thanx,
bill
will work for cash and other incentives [link|http://home.tampabay.rr.com/boxley/resume/Resume.html|skill set]
questions, help? [link|mailto:pappas@catholic.org|email pappas at catholic.org]
Carpe Dieu
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Post #96,884
4/16/03 5:26:35 PM
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Box's advice seems to be the best by far
Spectres from our past: Beware the future when your children & theirs come after you for what you may have been willing to condone today - dsm 2003
Motivational: When performing activities, ask yourself if the person you most want to be would do, or say, it - dsm 2003
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Post #96,926
4/16/03 10:21:35 PM
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They WILL bounce
You WILL be charged a processing fee.
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Post #96,974
4/17/03 8:33:40 AM
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Not sure about in the US.
But in Aus, a deposited cheque is normally credited immediately - but the funds aren't available until it clears. Anything that prints you a balance of your account thus has a value of "available funds". Cheques here take 2 or 3 business days to clear.
Then, too, if your bank accepts the cheque, then the other bank clears it, and then they figure out it is a dishonour, they have to find that out within a certain time. After that, they are supposed to wear the cost. There was a story some while back about a guy getting one of those "sweepstakes" cheques in the mail that looked genuine enough to cash. So he deposited it. Then he withdrew it all again as a cashier's check when he put in a safe-deposit box. To cut a long story short, the banks took too long to figure out the cheque was not real so he was legally entitled to the money.
Wade.
Is it enough to love
Is it enough to breathe
Somebody rip my heart out
And leave me here to bleed
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Is it enough to die
Somebody save my life
I'd rather be Anything but Ordinary
Please
| -- "Anything but Ordinary" by Avril Lavigne. |
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Post #97,151
4/17/03 8:05:34 PM
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Econ-LRPD: Jung would have wanted it this way.
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Post #97,164
4/17/03 8:57:18 PM
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Talk to your banker about it
maybe they can check out the checks before they clear to see if the account they were written on is still valid and there is enough in the account to cover it.
Depending on the bank, they usually charge a fee for bounced checks. Ours does $15 per check that was bounced and then they take the amount of the check out of our account if they had credited us the amount of the check. It is a processing fee.
I don't loan money out anymore because most of my friends I loaned money to never paid me back. Some of them did, and at least made small payments per month until paid off. But I am not in a finacial position to lend money out any more.
Some checks have an expiration date on them, like no longer good 30 days after the check was written. If not, I am told the bank will take checks up to 6 months old if they are not marked when they expire. In special cases they might take a check over 6 months old, but I am not sure what the conditions would be.
"Bill gates cannot guarantee Windows, so how are you going to guarantee my safety?"
-John Crichton to the Emperor of the Scarrans on [link|http://www.farscape.com|FarScape]
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Post #97,187
4/17/03 11:01:54 PM
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Physics Question
If you drop a superball from a radio tower onto the hardest concrete known to Man, how high will it bounce?
Oh well.
-drl
(Dm - 2Am)(Rmn + 1/2gmn R + 1/2Fmn) = 0
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Post #97,199
4/17/03 11:35:40 PM
4/18/03 11:33:01 AM
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superballs
...a new technology (from the Wham-o Corp., better known as the makers of Frisbee) in 1964. I purchased one at age twelve from the local dimestore ("Grant's," a long-vanished chain) and, walking home bouncing the thing along a heavily-travelled boulevard, contrived accidentally to direct it into the street, where it was struck by a bumper and vanished from sight.
nostalgically,
[edit: amend infelicities]
"Die Welt ist alles, was der Fall ist."
Edited by rcareaga
April 18, 2003, 11:33:01 AM EDT
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Post #97,203
4/17/03 11:46:01 PM
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doing the math :-)
and looking at your picture I suspect you are elder by 3 years. Will have to get a scanner one of these days and put some of my old stuff up.
thanx,
bill
will work for cash and other incentives [link|http://home.tampabay.rr.com/boxley/resume/Resume.html|skill set]
questions, help? [link|mailto:pappas@catholic.org|email pappas at catholic.org]
Carpe Dieu
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Post #97,210
4/17/03 11:54:01 PM
4/17/03 11:57:59 PM
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Re: doing the math :-)
looking at your picture I suspect you are elder by 3 years
Older--not, of course, necessarily wiser. I did grow up thinking that, notwithstanding the evidence of my own parents, grownups as a class somehow had it figured out, and that in the fullness of time I, too, would come into my inheritance, this knowledge, this self-assurance, this certainty that I knew how the world was wired. Probably before I was thirty it had dawned on me intellectually that the grownups were in fact making it up as they went along, and that each generation invented the wheel, but I believe I made it all the way to my early thirties before this awful conclusion finally resonated in my gut.
ruefully,
[edit: semi-current pic returned after much-appreciated time off; 1971 pic returned to hibernation]
"Die Welt ist alles, was der Fall ist."
Edited by rcareaga
April 17, 2003, 11:57:59 PM EDT
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Post #97,332
4/18/03 5:57:24 PM
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Such wisdom in one so young :-)
Some sayings (LRPDs?)
The more I learn, the less I know.
Someone who 'knows it all', does so because of so little learned.
In a world of knowledge, each answer given will pose many more questions.
Cheers
Doug Marker
Spectres from our past: Beware the future when your children & theirs come after you for what you may have been willing to condone today - dsm 2003
Motivational: When performing activities, ask yourself if the person you most want to be would do, or say, it - dsm 2003
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Post #97,311
4/18/03 3:34:31 PM
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Heh.
F = ma. The superball will have reached terminal velocity by the time it hits the ground, so it will have acceleration = 0. Therefore, it'll stick like well-lubed Juicyfruit.
:D
Many fears are born of stupidity and ignorance -
Which you should be feeding with rumour and generalisation.
BOfH, 2002 "Episode" 10
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Post #97,318
4/18/03 3:57:33 PM
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To the Moon! (Image enclosed)
I think the rubber will eventually shatter if it hits something with high enough velocity, but I don't know if its terminal velocity in the atmosphere is high enough. If you're tricky, you can send a Superball to the Moon (if reality follows the ideal physics)! [link|http://www.physics.gla.ac.uk/~kskeldon/PubSci/exhibits/D12/|Here]: There are a number of physical concepts, such as transfer between kinetic and potential energy and momentum conservation, that can be demonstrated using bouncy rubber balls. One of the most popular is the superball bounce, where two or more superballs are dropped from a height one on top of the other. The result after the collision with the floor is quite surprising. If two balls are dropped simultaneously, one on top of the other, so that the top ball is much lighter that the bottom, then on collision with the floor the top ball will shoot up to a height much greater than the original dropping distance. This will work well when the ratio of the balls' masses is about five or more. Theoretically, if the ratio of the masses is infinite, then the lighter ball should reach exactly nine times the height of release.
[image|http://www.physics.gla.ac.uk/~kskeldon/PubSci/exhibits/D12/super.gif|0|Superball Bounce|383|685]
If seven balls are dropped from a height of 1km above the earth's surface, then the top ball attains a velocity greater than the escape velocity of the earth and will hit the moon! Emphasis added. Cheers, Scott.
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Post #97,319
4/18/03 4:17:56 PM
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College trick
Take a large superball, one of the ones about three inches across. Get a new pencil, cut of the eraser just below the ferrule, and sharpen both ends. Insert one end into the superball just enough that when you hold the pencil the ball doesn't fall off. Drop this in a room with an acoustic-tile cieling.
===
Implicitly condoning stupidity since 2001.
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Post #97,288
4/18/03 12:59:15 PM
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Current eBay fraud trick
Is to buy stuff on ebay, then pay with forged check. Seller deposits check assuming his bank can tell if check is good. Bank misses forgery and credits his account in good faith. Feeling safe, seller ships goods. Second bank (the one the check is supposed to be from) detects forgery (as much as a couple weeks later), and denies payment. Transaction rolls back to seller's bank which then decrements seller's account and optionally charges bad check fee.
Goods gone, money gone, you're screwed.
This happened to a guy selling a Mac laptop and he managed to track the guy and get him arrested but more often they get away.
"Packed like lemmings into shiny metal boxes.
Contestants in a suicidal race."
- Synchronicity II - The Police
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