Understanding Business and Personal Law

Chapter 23: Negotiable Intstuments

Service Learning

Rubber Checks
An estimated 450 million rubber checks are written each year. Did you know that a business owner who unknowingly deposits your bad check would be charged a fee? In addition, the time spent handling the bounced checks and the cash flow problems they might cause are a real problem to the day-to-day operation of the business.

Activity: Contact a bank in your community and find out what the fee is for a depositing a rubber check.

Use this Web site for additional information on rubber checks:
http://www.usatoday.com/small/ask/2001-08-20-ask-bad-checks.htm
(Web site for the USA Today newspaper)