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Nishit Salian (DSM)     16 June 2011

Cheques

I am planning to deal with a company in business. As per the company rule I have to give them 2 cheques for security purpose.

Can I give the cheques to the company and write on the reverse of the cheque "SECURITY PURPOSE, NOT FOR TRADE".

In other words I wish to know that anything written on the reverse of a Cheque is valid in the court of law.

 

Regards,

 

Nish*t



Learning

 3 Replies

M.Sheik Mohammed Ali (advocate)     16 June 2011

no need thats is enough.

prabhakar singh (advocate)     17 June 2011

you are right in your thinking.

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     17 June 2011

Just writting on the back will not be suffcient if cheque is bounced so you have a supporting agreement for terms.


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