Once the check is cashed and it clears, it is pretty much a done deal. If you are worried, cash it at his bank (if feasible). If not, tell him it takes 10 days to clear.
According to the Check 21 rules, banks must generally make funds available 2 days after the deposit. But it can still bounce if it has not actually cleared.
Once a check is paid, it is very difficult to reverse it. The only way I am aware of is to claim the check was stolen and that the signature is not genuine. And then the bank will want a TON of details! This is not something that is done on a normal basis.
There is no way to "charge back" a check the way you can with a credit card.
After the check clears, he could claim you sold him a ⊗⊗⊗⊗, and it exploded in his face, and the bank will simply tell him to be more careful next time or ask why he did not pay with a credit card...
|