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Holding checks
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<blockquote data-quote="SRBeef" data-source="post: 792929" data-attributes="member: 7509"><p>The one time in my equipment business I "held a check" at a dealers request, the check ended up coming back to me anyway. I think the best thing to do is to have a policy of NOT holding checks. IF they need you to hold the check then you need to hold the bull or bred cow. Hold the bull or cow, not the check.</p><p></p><p>A clear consistent policy is better than having to make a decision every time. What if they injure the bull somehow before the check clears??? Whose bull is it??? There are all sorts of problems potentially. Cash would be better but if you have had good experience with these people a check would be easier than carrying a wad of cash.</p><p></p><p>However if they have to ask you to hold the check, and especially if this request is only made after the bull is loaded, it is not a good sign. jmho.</p><p></p><p>Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 792929, member: 7509"] The one time in my equipment business I "held a check" at a dealers request, the check ended up coming back to me anyway. I think the best thing to do is to have a policy of NOT holding checks. IF they need you to hold the check then you need to hold the bull or bred cow. Hold the bull or cow, not the check. A clear consistent policy is better than having to make a decision every time. What if they injure the bull somehow before the check clears??? Whose bull is it??? There are all sorts of problems potentially. Cash would be better but if you have had good experience with these people a check would be easier than carrying a wad of cash. However if they have to ask you to hold the check, and especially if this request is only made after the bull is loaded, it is not a good sign. jmho. Jim [/QUOTE]
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