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Thread: Do unpaid cheques fall under the NCA?

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  1. 21-Jul-09, 04:52 PM #1
    Brett Bentley
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    Section 4(5) of the NCA reads:

    If a person sells any goods or services and accepts, as full payment for those goods or services-
    (a) a cheque or similar instrument upon which payment is subsequently refused for any reason; or
    (b) ... basically a credit card payment

    the resulting debt owed to the seller by the issuer of that cheque or charge does not constitute a credit agreement for any purpose of this Act.
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    Dave A (21-Jul-09), Graeme (22-Jul-09)
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