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
Common sense. If Joe Jones is buying a quad from me and gives me a check made out to cash originally from Peggy Smith…no way am I taking that check. As far as I know it’ll bounce and I’m left with nothing
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