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An Oral Stop Payment Ordered by a Drawer Is Valid

Question 32

Multiple Choice

An oral stop payment ordered by a drawer is valid:


A) for 14 calendar days only.
B) if it is received in time and in such a manner as to afford the bank a reasonable opportunity to act on it.
C) for only one year,unless renewed in writing.
D) only on limited items payable on his or her account,and cannot be used for checks with a value of $500 and above.

Correct Answer:

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