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Answered in 50 minutes by:
11/13/2011
Tom B., Barrister & Solicitor
Category: Canada Law
Satisfied Customers: 2,416
Experience: 25 years in practice
VerifiedTom Bulmer :
No
Tom Bulmer :
A cheque is a mere promise to pay.
Tom Bulmer :
If you are owed what you say. Cash the cheque and then sue for the balance.
Tom Bulmer :
Lets hope the cheque clears and hope your exposure is reduced.
Tom Bulmer :
For sure cash the cheque and see what happens. But, a mere promise to pay is not an offer of settlement of a debt and cashing it does not mean to agree to anything.
Tom Bulmer :
I would not argue with this person at this stage. Lets see if you get the money first.
Tom Bulmer :
A cheque cashed is not a contract to settle.
Tom Bulmer :
Cash it.
Tom Bulmer :
Tom
Tom Bulmer :
Please accept my answer or ask for more information.
Tom B., Barrister & Solicitor
Category: Canada Law
Satisfied Customers: 2,416
Experience: 25 years in practice
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