Legal Consequences of Issuing a Bounced Cheque in the Dubai Airport Free Zone (DAFZA): Checklist and Templates
Introduction to Bounced Cheques A bounced cheque, often referred to as a dishonored or returned cheque, occurs when a bank refuses to honor a cheque presented for payment. This situation may arise due to various reasons, including insufficient funds in the account, closure of the account, or discrepancies in the cheque itself, such as a … Read more