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Qatari Telecom Company
Cheque payable in future datecan imprison you
By jazzafterdark on Wed, 30/09/2009 - 7:27amDont know whether you have read about this and if it will be implemented. If so, imagine the mayhem it will cause!
Warning!
January 2009
Cheques made payable at a future date could land you in prison. As from 13th May 2010, in Qatar, cheques which are post dated may be presented for payment earlier than the date specified on the cheque.
This change will have important and far-reaching consequences in Qatar. Drawers of cheques will no longer be able to rely on their cheques being "cashed" from a future date.
They will be able to be presented for payment anytime after they are handed to the payee. The banks will be required to pay the cheques on presentment.
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