Define: Drawer

A drawer refers to the person who writes and signs a negotiable instrument, such as a check or promissory note, thereby creating a legal obligation to pay the specified amount to the payee.

Yes, a drawer can be held liable for a dishonored check if there are insufficient funds in their account or if they have placed a stop payment on the check without proper justification.

Issuing a fraudulent check as a drawer is a criminal offense and can result in legal consequences, including fines, imprisonment, and potential civil liability for damages caused to the payee.

In general, a drawer cannot cancel or revoke a check after it has been issued, unless they have a valid reason such as fraud, mistake, or duress. However, it is advisable to consult with an attorney to understand the specific circumstances and applicable laws in your jurisdiction.

If a stolen check is fraudulently cashed, the drawer may not be held responsible if they can prove that they took reasonable precautions to secure the check and promptly reported the theft to the relevant authorities and their bank.

If a check bounces due to a bank error, the drawer may not be held liable for the dishonored check. However, it is important to promptly notify the bank and provide any necessary documentation to rectify the situation.

Yes, a drawer can be sued for non-payment of a promissory note if they fail to fulfill their obligation to pay the specified amount within the agreed-upon timeframe. The payee may seek legal remedies to enforce payment, such as filing a lawsuit or pursuing debt collection actions.

A post-dated check is a check that is dated for a future date. As a drawer, you may be held responsible for a post-dated check if you issued it knowingly and willingly, regardless of the date written on the check.

If a payee alters a check without the drawer’s consent, the drawer may not be held liable for the altered amount. However, it is crucial to promptly report any suspected alterations to the bank and provide evidence to support your claim.

If a check is lost in the mail, the drawer may not be held responsible for its non-delivery. However, it is advisable to contact the payee and issue a stop payment on the lost check to prevent any potential misuse.