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

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.