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One Mistake in the Check and You Go Straight to Jail! when Can a Fine and Imprisonment Be Imposed According to the Law?
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When a person gives a check issued by a bank to someone else for payment and the bank does not clear the check for some reason, it is called 'check bounce'. The main reasons for a check to bounce are lack of balance in the account and error in the signature, wrong date written, error in account number, overwriting, expiry date of the check (usually three months from the date of issue) or closure of the account of the check issuer. Apart from thi…
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