I am a business owner who wrote a check to an individual over a year ago. That account is now closed. He just found it and wants me to make ...

Question

I am a business owner who wrote a check to an individual over a year ago. That account is now closed. He just found it and wants me to make it right. Am I obligated and what if I don't make it good?

Answer

If you legally owe the money to him, you need to pay it. Misplacement of a check doesn't mean that you can fail to pay your obligations.