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Let's talk checks

If you write the words "without recourse" along with your endorsement on the back of a check, your bank will most likely refuse to cash it. This is because you are refusing to guarantee the check. If it bounces, the bank would be stuck with the loss.

As an experiment, I asked the folks at the (Bee Bee and Tee) bank if another person could endorse the check under the original endorsement, agree to the liability, and cash the check. I was quickly told "No." But their explanation was lacking.

Anyway, they were kind of looking at me funny, so I tried to break it down for them.

"Let's suppose this check bounces(holding a $276 check from a well known restaurant). The bank would come to me to get the money back, correct?"

"That's right."

"Suppose, tomorrow the bank decides that Federal Reserve Note's are no longer worth any more than the 4 cents it costs to print them, and they demand Gold or Silver coin. Would I be liable for 276 silver dollars?"

"No."

"Can I get that in writing?"

"No."

"Then here is what I need. If you will not cash my check 'without recourse,' and you will not cash my check for gold or silver dollars, the next best thing is nickels. Can you cash my check for nickels?"

"Yes."

"And can I get a receipt that shows I received $276 in nickels, and that you refused to cash the check in gold or silver dollars?"

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He who is guarantor for a stranger suffers harm, But one who hates shaking hands in pledge is safe.

Do not be one of those who shakes hands in a pledge, one of those who are guarantors for debts. If you do not have the means to pay, why should he take away your bed from under you?

Do no unrighteousness in judgement, in measurement of length, in
weight, or in measuring liquids. Have right scales, right weights,
a right ĕphah and a right hin.

You shall have a perfect and right weight, a perfect and right measure...