Every once in a while, your business will write a check, and it will never get cashed.After a period of time it’s tempting to just reverse the expense and put the cash back into your general fund.
(2) A cheque is not invalid by reason only that- (a) it is not dated; (b) it is antedated or post-dated; or (c) the date it bears is a Sunday.
(3) For the purpose of determining whether a post-dated instrument is a cheque, the fact that the instrument is post-dated shall be disregarded.
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Any personal information collected will be administered in accordance with the and other applicable privacy laws governing the protection of personal information under the control of the Department of Employment and Social Development.
It will only become cheque on the date shown on it and prior to that it remains a bill of exchange under Section 5 of the Act.