What is the name of your state (only U.S. law)? New Jersey
Here is a summary of the situation
On March 25, 2018, I received a personal but bank 'counter check' in the amount of $25,000.00 payable to myself as part of a verbal agreement of the sale of my interest of a business which I was a silent partner in with another person. This check was one of four checks I received totaling $100,000. The other three checks were post dated 4/25/18, 5/25/18, 7/25/18.
Two days later I was informed this check payable to myself was returned on March 28, 2018 unpaid due to a Stop Payment as my bank had informed me of the reason that this check I deposited was returned to me
I have contacted the person who wrote the check to me however I have not yet heard back. I have also sent a 'demand' letter for the face amount (plus $12 fee which I was assessed), however I have not heard anything back from the payor (writor of the check). I also tried to reach the other partner however he has not responded either.
Can I sue for the face value of the check which the payor put a stop payment on without any prior or current notice or responding to the 'demand letter I had sent'??
Here is a summary of the situation
On March 25, 2018, I received a personal but bank 'counter check' in the amount of $25,000.00 payable to myself as part of a verbal agreement of the sale of my interest of a business which I was a silent partner in with another person. This check was one of four checks I received totaling $100,000. The other three checks were post dated 4/25/18, 5/25/18, 7/25/18.
Two days later I was informed this check payable to myself was returned on March 28, 2018 unpaid due to a Stop Payment as my bank had informed me of the reason that this check I deposited was returned to me
I have contacted the person who wrote the check to me however I have not yet heard back. I have also sent a 'demand' letter for the face amount (plus $12 fee which I was assessed), however I have not heard anything back from the payor (writor of the check). I also tried to reach the other partner however he has not responded either.
Can I sue for the face value of the check which the payor put a stop payment on without any prior or current notice or responding to the 'demand letter I had sent'??