Retiree out $300K after Canada Post loses inheritance cheque sent by registered mail (www.cbc.ca)

submitted 2 years ago by grte@lemmy.ca to c/canada@lemmy.ca

13 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] Nouveau_Burnswick@lemmy.world 63 points 2 years ago

Kavaratzis should not be liable.

If the original cheque is ever found, and someone else attempts to cash it, that would be fraud. Now that Kavaratzis has requested a new cheque, if the old one ever makes it to their possession and they attempt to cash it, that would also be fraud. We figured this out DECADES ago, that's why cheques have a holding period.

Whoever is cashing the cheque is responsible to make sure it clears before exchanging it for money, and the original cheque should be annulled so it cannot be cashed.

[-] Fifteen_Two@lemmy.ca 25 points 2 years ago

Exactly. I do not understand why this is an issue at all.

[-] snoons@lemmy.ca 18 points 2 years ago

I do not understand why this is an issue at all.

TD having to do their job is the issue.

[-] jet@hackertalks.com 16 points 2 years ago

Right, this check is not a bearer bond, its made out to a singular person. There shouldn't be any issue here. It's not 1850 where it takes weeks to verify a check