Common use of Unacceptable Items Clause in Contracts

Unacceptable Items. Company understands and agrees that it will not transmit the following items using the Check 21 Services: (i) items containing an alteration on the front of the item, or which Company knows or suspects, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn; (ii) any check previously converted to a Substitute Check as defined in Regulation CC; (iii) any item issued by a financial institution in a foreign country; (iv) any item that that has been re-deposited or returned; (v) items that are “stale dated” or “postdated”; (vi) items that are incomplete or non-negotiable; (vii) remotely created checks; and

Unacceptable Items. Company understands and agrees that it will not transmit the following items using the Check 21 Services: (i) items containing an alteration on the front of the item, or which Company knows or suspects, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn; (ii) any check previously converted to a Substitute Check as defined in Regulation CC; (iii) any item issued by a financial institution in a foreign country; (iv) any item that that has been re-deposited or returned; (v) items that are “stale dated” or “postdated”; (vi) items that are incomplete or non-negotiable; (vii) remotely created checks; andand (viii) items that are drawn on or otherwise issued by the U.S. Treasury Department.