Business Ethics: Ramifications of a Bounced Check

Speaker:
Date:
February 11 2015
Length:
55min 16s
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36
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354
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Venue: YU Torah MiTzion Beit Midrash Zichron Dov YU Torah MiTzion Beit Midrash Zichron Dov

Halacha:
Machshava:

Collections: Rabbi Torczyner Business Ethics

References: Bava Batra: 93b Bava Metzia: 77b  

Description

What is a check's status in Jewish law, as compared to Canadian law? And three specific questions: 1. Where someone gives a check as a gift, and it bounces, does he owe the amount mentioned in the check? 2. Where someone gives a check, and the check bounces, does the writer have an obligation to refund the bounce fee to the person who tried to deposit it? 3. Where a buyer uses a check to pay for an item, and it bounces, may the seller cancel the sale?

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