Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Music,
Can't help with the New York law, but I suspect that it's different, rightly or wrongly, for the consumer versus the corporation........probably true for Florida, too, given the difficulty in pulling corporations over and slapping cuffs on 'em.
But I sure do agree that for a company to issue an insufficient funds check rather than to not issue a check at all is weird......it almost could be described as a sign of corporate "immaturity". In most situations, either the debtor has an arrangement in place with the bank on which the check is drawn to accomodate overdrafts via a credit line or extended terms are negotiated with the creditor.......or the phone is left off the hook. The possibility has not been mentioned that the checks could have been drawn on a closed account, which wouldn't seem likely, but....... BTW, I suspect that the closed account situation is what precipitates the Fla cuffs, given that the fact that the account is closed can be construed as intent.