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It is not difficult to understand that a post dated cheque is not payable on demand.The courts considered under the Negotiable Instruments Act, 1881. In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque: If a post dated cheque is a bill of exchange which is not payable on demand how the stamp duty will be calculated on such a bill of exchange.Now, if you show up to deposit a check that's five years old, it's likely the bank won't accept it. But it depends on the mood of the teller and whether he or she even catches it.
Generally, banks are not required to honor checks that were written more than six months prior.
How long it takes for an uncashed check to become unclaimed property is referred to as the “dormancy period.” Dormancy periods have been steadily decreasing in the last decade, so you may not have as much time as you expect.
On average, states require business owners to report common types of unclaimed property after about three years. For example, California requires business owners to turn over unpaid wages and order refunds after just one year.
While there is no definitive definition of "good faith," there is some consensus as to what it means.
Essentially, a bank acted in good faith if they did not notice the date of the check.
I didn't address this part of the question last week because the gentleman's main question was about the order of checks that cleared his account, and the fact that his account got overdrawn because of a check for 5 to the Boy Scouts that was more than six months old.