My non profit paid a contractor to do some work that he started and did not finish. We put a stop payment on the check, but the guy cashed the check at a check cashing store. I know our bank will not honor the check, but can the check cashing store force us to honor it? If so, what should our next move be?
Thanks!!
2007-01-16 06:15:34 · 6 answers · asked by toobrown 1 in Business & Finance ➔ Credit
Never, ever pay a contractor before the job is done.
I'm reasonably sure you'll be ok. They need to go after him for their money he was their customer, not you. They are in that busn. to make money, you win some you loose some. They will try their best to bully you into coming up with the money. But stand your ground. It was their choice to hand him the cash not yours. You had no way of knowing he was doing that. Simply not your fault or liability.
2007-01-16 06:23:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No - it will be on him - he signed a contract with them for the use of this service and if he had them cash a bad check he is responsible. However you may want to talk to a contract or building lawyer he may have the right to the funds if he started the job and was waiting on a part - he can turn around an put you under a mechanics lien - find out what you need to prove he left with no intent of completing the job. Good Luck!
2007-01-16 06:27:00 · answer #2 · answered by Walking on Sunshine 7 · 0⤊ 0⤋
No.
The check cashing place should have called the bank to verify that the check was good (ie, didn't have a stop on it).
The contractor knew what he was doing. He's obviously been in this situation before.
2007-01-16 06:37:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, if you paid your bank the stop payment fee, they will not honor the check. That is the risk a check cashing place takes when they do that. That is why thye charge huge fees for their services.
2007-01-16 06:24:21 · answer #4 · answered by sassy_91 4 · 0⤊ 0⤋
You should be fine. If you stopped payment, but the party store cashed it, I believe its his responsibility to get his money from the person who cashed it.
2007-01-16 06:24:11 · answer #5 · answered by Spoiled 3 · 0⤊ 0⤋
you may end cost on a verify as long because it has not been withdrawn out of your account. The financial employer can value YOU for depositing a bad verify. you have legal recourse against the renter (in case you will discover him). He could owe you a deposit for the puppy, if lined in settlement, plus any obtrusive harm brought about by using the puppy. If no damages, possession of puppy could be "hear say" till corroborated by using different pals. in any different case, verify to look into employing the loss as a tax write-off. solid luck!
2016-10-31 06:53:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋