19 sep What is a Stale Check?

In the United States, the Uniform Commercial Code allows banks to dishonor stale checks. https://seguridadseprotek.com/2023/09/29/navigating-international-accounting-standards-ifrs/ The bank receiving the check can return it to the paying bank and mark it unpaid. Lastly, if the payer has an account in the same bank, the bank...

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