Purchase Solution

Is a Torn Check Valid?

Not what you're looking for?

Ask Custom Question

Recently I paid an insurance premium by check. The insurance company informed me that my bank had refused to honor my check. I asked that they return the check to me, and I took it to the manager of the local branch. "I see what happened," he said. "The check was torn slightly when the insurance company opened your envelope. Our automatic equipment couldn't read the code numbers in the bottom left hand corner, so the check was rejected."

Did the bank have a legal right to refuse to honor my check? If so, why? If not, why not?

Purchase this Solution
Solution Summary

This solution discusses whether or not a torn check will be accepted by a banking institution.

Solution Preview

It all depends on where the check was torn. If the tear damages the routing number or account number and it is unreadable, yes, they legally may reject the check for payment. The best bet is to bring the check into the branch to have it viewed by the bank itself; however, in this case it was a check sent for ...

Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

View More Free Quizzes
Related BrainMass Solutions

  • Requirements of a Valid Check for a Bank to Cash

    I was just wondering if it is a valid check with the account holders information listed on it. Yes, typically this is how temporary checks are distributed to bank customers. The solution examines the requirements of a valid check for a bank to cash.

  • Valid or Invalid Syllogisms

    She is honest and open-minded and has friends all over the world. Valid Modus Ponens (affirming the antecedent) Check: valid, with a +P 4. Roberto thought that if he worked very hard, his boss would give him a raise or a promotion (P) .

  • Excel Functions in Worksheet

    Marcos, Imelda Imelda Marcos Wallach, Shelley Shelley Wallach Wallach Shelley Ho, Don Don Ho Ho Don George, Boy Boy George George Boy Weld, Tuesday Tuesday Weld Weld Tuesday Torn, Rip Rip Torn Torn Rip Churchill

  • Essential elements of an enforceable contract

    My neighbor paid the check to the garage owner and the car was delivered the same day. 2. Was there a breach of the contract? There was a minor breach. My neighbor found that the seats of the car were torn.

  • Algorithm to validate a US phone number (xxx) xxx-xxxx

    Develop an algorithm to verify if a string of characters could represent a valid U.S. phone number. Since determining whether a string of characters is actually a valid phone number is a complex process.

  • Is this a negotiable instrument?

    Is the shirt a negotiable instrument? Following are the requirements for a negotiable instrument, of which a check is one type: To be valid a negotiable instrument must meet four requirements.

  • Critical Thinking for Healthcare Professionals

    Russell claims it is," which appears to be a hasty generalization that Dr. Russell's statements are less valid due to his attendance of a West Coast medical school.

  • Safety and accident prevention

    ", n.d) Straining and spraining: When muscles get over stretched or torn it can result in strain. Sprain results when there is a torn ligament in a joint. Both strain and sprain cause intense pain and swelling.

  • Charge Account in Java

    that check in a report.

View More Related Solutions