A bit confusing but what I mean by this is say, a guy writes a 1000 dollar check (made out to cash)to buy a quad. The guy receiving the check, instead of cashing it out, uses the original check to then go buy his own quad and so on.
In: Economics
The risk of the check bouncing stops that.
Someone wants to pay you with cash? Great – now you have cash!
Someone wants to pay you with a check made out to cash, which was written on the account of some other third guy that you never heard of? Riiiiiight – your immediate first thought is going to be “well that’s *clearly* a scam of some kind”, even if it really is legit.
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