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Mohye Eldeen Rasheed
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 98%
Hi dear how are u i have got two cheque from one...
إجابة الخبير: Mohye Eldeen Rasheed
Mohye Eldeen Rasheed
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 97.8%
Dear Customer
Thanks for joining and trusting us, much appreciated! We welcome you to join us in the legal section
It should be noted that after reviewing your inquiry and legal scrutiny we would like to inform you that
- Stop payment
- Insufficient balance
- Account closed
- Signature mismatch
- Exceeds arrangement
Conditions necessary for cheque bounce
- The cheque is bounced due to insufficiency of funds or all the above reasons.
- A Legal notice is given within 30 days.
- A payment of due amount is not made within 15 days’ time.
- the payment was to be made for discharge of legally enforceable debt.
The Article (638) states that the actions of recourse initiated by the cheque bearer against the drawer, endorsers and other obligors for the payment of its value, will not be heard after a period of two years from the expiry of the time-limit set for presentment thereof.
In case a lawsuit is initiated, this time limitation shall only apply from the day of the last action taken thereon. In addition, such time limitation shall not run if the debt is adjudicated or when it is acknowledged by a separate deed resulting in the renewal of the debt (Article (640))
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إسأل Lawyer
Mohye Eldeen Rasheed
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 98%
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