Y
Yachtseller
Guest
In MS: I sold my yacht. The buyer wrote me a check >$40K.
I have not provided a bill of sale & choose not to until buyers check clears.
Buyers Bank says 'funds not available at this time'.
Check is not post-dated or anything. Should I deposit it to my account & let it bounce? Or should I simply return it to the buyer and tell him that it's no good?
What are my options if I deposit it and it bounces? Isn't it a crime in most states to knowingly write a worthless check?
I have not provided a bill of sale & choose not to until buyers check clears.
Buyers Bank says 'funds not available at this time'.
Check is not post-dated or anything. Should I deposit it to my account & let it bounce? Or should I simply return it to the buyer and tell him that it's no good?
What are my options if I deposit it and it bounces? Isn't it a crime in most states to knowingly write a worthless check?