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Old 08-22-2005, 12:59 PM
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Cashing checks with terms on it in NJ

What is the name of your state? NJ

Hi, if a creditor cashes a check with terms on it (settles account), is that binding in NJ? Thank you
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Old 08-22-2005, 02:38 PM
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A restrictive endorsement is not valid if it overrides the terms spelled out in a contract. If it did everyone would be putting "paid in full" on checks used to make payments.
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