Florida  |  Civil Litigation

Legal Question

Asked on: 9/07/13, 4:10 pm

If a hold is placed on a check, mailed to the recipient, and it is verbally agreed upon that once a contract/promissory note is signed the hold on the check will be lifted and they will be allowed to cash it... is that considered a "worthless check" under florida law? There was no intent to defraud the recipient and no goods/service were taken.

The reason behind the check was to ensure the recipient that once they sign a contract/promissory note that they will have instant access to the money.

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