Reference no: EM132432797

Suppose you are out of money in your checking account; however, your local grocery store will cash a check for you. So you cash a check for $200. Of course, this check will bounce unless you do something. To prevent this , you go to the store again the next day and cash another check for $200 and deposit it into your account before the first check clears. You repeat this process every day until payday, when you have $800 deposited by your employer. Assuming no checks bounce and ignoring any question of legality, is there anything unethical about this? If you say yes, then why? Who is harmed?