Checks traded over to a bank will be honored even if no consideration has been received for such
Commercial, Banking and Financial
Dispute Resolution
A retail fashion chain provided 34 marketable postdated checks in the amount of over ILS 4 million to an importer for goods to be received. The checks were deposited in the importer’s bank, but the importer’s business subsequently collapsed and the retailer canceled the checks whic due date has not yet arrived due to failure […]