From: Ronald Raygun 
Subject: Re: Suppliers going bust and paying by cheque
Newsgroups: uk.finance
Date: Sun, 28 Aug 2005 23:02:06 GMT

Tumbleweed wrote:

> 
> "Graham Murray"  wrote in message
> news:87y86nbx7f.fsf@newton.gmurray.org.uk...
>> The normal advise when paying and ordering goods is to pay by credit
>> card as the CC company is jointly liable if the supplier ceases
>> trading and does not supply the goods ordered.
>>
>> However recent threads have shown that cheques paid into an account
>> may be reversed at any future date.
> 
> 'may' in the sense of 'might be if that cheque was discovered to be a
> forgery', not in the sense of  'the original payee (if thats the right
> term)

No, I think you mean drawer.

> can arbitrarily reverse the cheque' because that isnt possible.

And even in the former sense it isn't really possible unless the payee
is in on the scam, or at least this is what JB seems to be saying.