LAW

Bounced Cheque Scenario

Bounced Cheque Scenario

In this scenario? Watson has bought a computer from a store paying by cheque. This is a legal transaction as per English Law. The computer store heared from the bank that cheque has bounced. In the meantime? Watson has transferred the computer to Wilson. Now there is a question whether Wison is liable to face the claims of the bank or not?

As per the English Law? if a cheque get bounced? the issuer of the cheque is responsible to face any charges by the seller. This is a case of cheque fraud. Cheque (or check) fraud refers ...