Buying and Selling a Postponed Check
Rules of Checks and Bills of Exchange
To sell the check to a third person at a lower value is impermissible. But selling it to the check drawer is...
Q: In what circumstances buying and selling a postponed check are allowable?
A: To sell the check to a third person at a lower value is impermissible. But
selling it to the check drawer is no problem.
Applications
