Solved

Stop-Payment Orders

Question 45

Multiple Choice

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:

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