Negotiatiing a worthless instrument?

Question

what is the difference between Negotiating a Worthless Instrument and NWNI:INSUFFICIENT FUNDS CHECK ?

Answer 1

Worthless instrument is a general term for all kinds of bad checks and includes insufficient funds. Worthless instruments include: * NSF (Non-Sufficient Funds)
* Insufficient Funds
* No Such Account
* Account Not Found
* Closed Account (by the bank or by the account holder)
* NSF Unless Otherwise Indicated
If you had intent, that can be a crime of passing a worthless check or other instrument with intent to defraud (but something stamped as worthless is not automatically fraud). A simple worthless instrument just means you didn't have the money or the account, no intent to defraud though!
Your state's attorney's office will have the different types and penalties associated with each listed on their website, usually.

Answer 2

Negotiating Worthless Instrument

Answer 3

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RE:
Negotiatiing a worthless instrument?
what is the difference between Negotiating a Worthless Instrument and NWNI:INSUFFICIENT FUNDS CHECK ?

Answer 4

The difference is your knowledge and intent. If you knew the check was worthless when you passed it, then you've negotiated a worthless instrument. If you wrote the bad check by mistake, it's simply a matter of insufficient funds. Both are bad, but intentionally passing a bad check is worse.

Answer 5

The difference is between fraud and innocent mistake. If you knew that the funds were unavailable and wrote the check then it is fraud and punishable by law (negotiating a worthless instrument). Otherwise, an innocent mistake (non-sufficient funds check) is usually overlooked by law and only receives a slap on the wrist by the bank and the vendor payed.

Answer 6

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