Stop-payment orders:
A) must be in writing in order to be effective
B) may be oral,but are effective only for 14 days unless confirmed in writing within the 14-day period,in which case they will be effective for 6 months
C) are effective as long as the account remains open if the order is in writing
D) are effective for 6 months whether oral or in writing
Correct Answer:
Verified
Q40: A bank is not permitted to pay
Q42: The legal effect of a stale check
Q43: In order for the holder of a
Q44: A stale check is a check that:
A)
Q46: Which of the following is true about
Q47: Who can certify a check?
A) the drawee
B)
Q48: Which of the following statements is not
Q49: The main reason that someone would use
Q50: Which of the following statements is not
Q76: When the payee of a check indorses
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents