Respecting Property Rights

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Rights and properties
Respect for other individual’s property implies to feel and know that we should not use that which is not ours. If by any chance we need to have or use that which is not ours, we need to understand that we cannot use it without the approval of the owner. However, it is something else also. As human beings, we need to recognize, appreciate and take care of other people’s effort. One Mexican president Benito Juarez once said that “the respect to other people’s right is peace”. In the society, we have an obligation to respect and value other individual’s property and only use them with the approval of the owner. This paper discusses the right to respect and value other people’s property in relation to non-sufficient funds checks.
The right to own property anywhere in this world is mostly classified as a form of human right for natural individuals in regards to their possessions. This right to own property is considered as one of the most misunderstood and controversial human rights, both in terms of interpretation and existence. Commonly referred to as NSF check, a Non-sufficient check is a form of a check written to a certain bank account without having enough money to pay. The check will definitely bounce because of lack of money to pay (Barron et al. 12). Business involving properties has nowadays become tricky to transact when checks are involved. Paying for a property through a check is more convenient and safe because one is not supposed to carry the big sum of money around.

Therefore, for security purposes a check is good but it has disappointed many people. One good thing about owning personal property is that if faced with a challenge or problem in life it is easier to sell what you have and clear the problem. However, it is very disappointing when you enter into an agreement to sell a property only to get a bouncing check. Take a case of James. He was on top of his career until one day when he was involved in an accident. One of the legs was badly mutilated and the only way to help him was through a surgery, according to doctors. He had just registered for a master’s class which cleared all his savings in order to pay school fees. The only option left was to sell a car he had bought earlier. He approached an old friend called Kelvin. After a brief negations James was to get the check after two days. Therefore, he booked a surgery appointment. As agreed, Kelvin delivered and immediately James deposited the check in his bank. After three working days, the hospital informed James that there was no money paid by the bank, only for him to learn later that the check from Kelvin bounced. It was a disappointment because he had all the trust from his friend. There are some countries that are very strict when it comes to banking laws.
In America, a time came and a section of a text in UDHR was negotiated and most states in the US proposed that the right to assets need only be limited to protection of owning personal property. “Everyone person has the right to the use and enjoyment of his property. The law may limit such use and enjoyment to the interest of society at large. No person shall be deprived of his property except upon payment of just compensation, for well reasons of public utility or society interest. According to the policies established by law, any other form of exploitation of man by another man shall be prohibited by law”. From the above statement it is clear that delivering non-sufficient funds check to another person is a violation of the rule of law. The intention of giving out a bouncing is to acquire someone’s property illegally and this is a crime punishable by the law. In many countries, giving out a non-sufficient check as landed many people in jail. As human beings, we need to respect not only people but also what they possess (Cole et al. 34). People sacrifice a lot in order to own a property, therefore, the government should protect everyone from imposter property buyers. Jailing or fining people who commit such offenses is the best way to discourage such behaviors in future. When it comes to property buying and selling, banks should be on the forefront to educate people on what to expect when it comes to transactions.
To conclude, the right to possess private property and dispose it in the correct way is universal to all people under the law. Writing non-sufficient funds check is a crime under the law. The only place for such people is in prisons. We are supposed to enjoy the fruits of our labor. Banks are supposed to fine heavily all those people involved in writing bouncing checks. There are many cartels involved in the business of acquiring property by false pretense that is characterized by bouncing checks. As a property owner, it’s your responsibility also to guide and keep safe what you own.

Work Cited
Barron, Tamila, Bruce Dragt, and Daniel Ahles. “Generation of receipts for check point of sale device.” U.S. Patent No. 8,195,570. 5 Jun. 2012.
Cole, Daniel H., and Peter Z. Grossman. “The meaning of property rights: law versus economics?.” Land Economics78.3 (2002): 17-33.