I wrote a check to a former friend, who lost it. Now, six years later, she found it. She is now taking me to court, after trying to cash it on an account that I closed three years ago. Is there a legal time limit that she had to cash this check?
The time limit will depend on state law. Your liability could also depend on whether the check was issued to pay money you owed your friend, or if it was simply a loan or gift.
Show up in court if you get a summons, or you could risk having a judgment entered against you before telling your side of the story. Check with legal counsel if the amount in question is worth the added expense.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.