What are the legal consequences to an authorized person if they cut an erroneous check? How is research conducted on this subject? Does it matter what jurisdiction the authorized person lives and/or works in? How would the legal impact of a small erroneous amount be different from a large erroneous amount, if any?
It may be difficult to impose penalty and prosecution on an authorized person who cuts an erroneous check. It is only with substantial and conclusive proofs that such things can be proved and the person found guilty.
Research on such subject can be conducted with the help of existing Legal Laws and Regulations in the country regarding the same such as law relating to Negotiable Instruments, contracts etc.
It is important to note what jurisdiction the authorized person lives/works in as it has to be seen whether Legal Laws and regulations have binding effect on such place or not. Past decided case laws on such subject would be of great assisstance.
the legal impact of a small erroneous amount be different from a large erroneous amount as for
a. A small amount,the penalty would be small.
b.A large amount,the penalty may be large along with prosecution also.
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